KUALA LUMPUR, May 11 — Bursa Malaysia ended marginally higher today with the FTSE Bursa Malaysia KLCI (FBM KLCI) rising by 0.09 per cent as investors continued to bargain-hunt stocks particularly plantation and banking heavyweights, a dealer said. At 5pm, the barometer index rose 1.35 points to...
KUALA LUMPUR, May 11 — Bursa Malaysia ended marginally higher today with the FTSE Bursa Malaysia KLCI rising by 0.09 per cent as investors continued to bargain-hunt stocks particularly plantation and banking heavyweights, a dealer said.The benchmark index, which opened 0.9 of-a-point higher at 1,555.48, moved between 1,552.94 and 1,559.46 throughout the day.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng foresees the performance of FBM KLCI to remain steady, supported by improving fundamentals of the local economy. Meanwhile, Bank Negara Malaysia today announced that the Overnight Policy Rate will be increased by 25 basis points to 2.00 per cent after its third Monetary Policy Committee meeting this year.
Of the actives, Serba Dinamik fell 1.5 sen to six sen, Techna-X and Widad stayed flat at 11.5 sen and 36 sen respectively, CSH Alliance inched up one sen to 12.5 sen, while MYEG eased 1.5 sen to 88.5 sen. The Main Market volume narrowed to 1.74 billion shares worth RM1.74 billion from 1.98 billion shares worth RM2.08 billion yesterday.
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Bargain hunting pushes Bursa Malaysia to end mixed, KLCI up marginally | Malay MailKUALA LUMPUR, May 10 — Bursa Malaysia ended mixed today with the FTSE Bursa Malaysia KLCI (FBM KLCI) snapping three consecutive days of losses to rise by 0.35 per cent, as bargain hunting emerged in telecommunications and banking heavyweights, a dealer said. On the broader market, however, losers...
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