KUALA LUMPUR, June 13 — Bursa Malaysia’s barometer index pared its earlier gains at the close, but market breadth remained strong with a mix of profit-taking and...
At 5pm, the FTSE Bursa Malaysia KLCI gained 1.22 points to 1,610.17 compared to 1,608.95 at yesterday’s close. ― Picture by Razak GhazaliKUALA LUMPUR, June 13 — Bursa Malaysia’s barometer index pared its earlier gains at the close, but market breadth remained strong with a mix of profit-taking and bargain-hunting activities.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said investors returned to hunt for bargains in utilities and banks after two days in negative territory, but opted to dump telecommunication counters after the previous rally.“Nevertheless, market breadth was positive and daily trading volume remains strong. Most key regional bourses closed higher, and bond yields declined as investors weighed the cooling US inflation,” he said.
“Hence, we anticipate the benchmark index to trend within the range of 1,610-1,625 towards the weekend with immediate resistance at 1,620 and support at 1,610,” he said. Among the active counters, Sapura Energy was flat at 4.0 sen, JCY climbed 11.5 sen to 89.5 sen, MYEG went up five sen to RM1.14, Agmo rose 8.0 sen to 71 sen, and SNS Network dipped three sen to 84.5 sen.
Sector-wise, the Financial Services Index advanced 6.36 points to 17,560.04, the Industrial Products and Services Index inched up 1.74 points to 200.87, and the Energy Index expanded by 32.94 points to 1,012.24, but the Plantation Index fell by 36.33 points to 7,027.82.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Media freedom guaranteed, but don't use it to divide country, says AnwarKUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Top Builders Capital Bhd and eight of its directors for breaches of Bursa Malaysia Securities Main Market Listing Requirements (Main LR).
Read more »
Bursa Malaysia publicly reprimands Top Builders Capital, fines eight directors RM405,750KUALA LUMPUR, June 7 — Bursa Malaysia Securities Bhd has publicly reprimanded Top Builders Capital Bhd and eight of its directors for breaches of Bursa Malaysia Securities Main...
Read more »
Bursa Malaysia cedes early gains to end lower in sync with regional peersKUALA LUMPUR, May 28 —Bursa Malaysia gave up its earlier gains to close lower today, tracking the downbeat performance in regional markets, said an analyst. At 5 pm, the FTSE...
Read more »
Bursa Malaysia reverses early gains to end marginally lower on profit-takingKUALA LUMPUR, May 27 — Bursa Malaysia gave up earlier gains to close marginally lower today despite the improvement in regional markets as local investors continued to take...
Read more »
Bursa Malaysia stages rebound as Fed decision, cooler US inflation fuel buying interestKUALA LUMPUR, June 13 — Bursa Malaysia recovered on Thursday morning as the US Federal Reserve’s (Fed) decision to keep interest rates unchanged, as widely expected, amid a...
Read more »
Bursa Malaysia slips on cautious sentiment ahead of fed meeting, inflation printKUALA LUMPUR, June 12 — Bursa Malaysia ended marginally lower today on cautious sentiment ahead of the US Federal Reserve’s (Fed) decision on interest rates and inflation data...
Read more »