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KUALA LUMPUR: After a brief one-day consolidation yesterday, stock prices in Bursa Malaysia resumed their rally on Thursday, with the FBM KLCI up 20 points.
At the close, the benchmark FBM KLCI index rose 20.7 points, or 1.32%, to 1,590.78, its highest level in three months. The index reached an intraday high of 1,592.28 and a low of 1,558.71. In the last four days, the index has gained 4.6%.
Market width was positive, with the winners outnumbering the losers by 779 to 466 shares. The volume traded increased to 16.55 billion shares valued at RM5.87bil.
Traders said that purchases in the local market were driven by positive market sentiment and continued support for purchases on almost all index-linked counters propelled the index higher.
In today’s session, the KLCI component stocks were overwhelmingly positive, with 26 winners, three declining, and one counter closed unchanged.
The ringgit fell 0.05% against the US dollar to 4.1345.
US light crude fell 11 cents to $ 41.34 and Brent was down 17 cents to $ 43.63 a barrel.
Consumer stocks dominated the list of winners in Bursa Malaysia today. Heineken Malaysia
added RM1.38 to RM22.28, Dutch Lady won 80 sen at RM36.40, Panasonic Manufacturing It advanced 78 sen to RM29.68 and Carlsberg rose 74 sen to RM23.24.
AT Systematization was the most active accountant. The accountant fell 18.52%, or 0.5 sen to 22 sen with 2.61 billion shares traded.
Metronic Global, the second most traded accountant, was up 52.94%, or 4.5 sen, to 13 sen. The accountant saw a total of 1.57 billion actions taken.
Among banks, Maybank rose 11 sen to RM7.80, Public Bank added 24 sen to RM17.92, CIMB gained nine sen to RM3.39 and RHB advanced five sen to RM4.98.
Across the region, the MSCI Asia ex-Japan stock index was stronger at 0.23%.
Japan’s Nikkei stock average closed near a 29 1/2 year high on Thursday, Reuters reported.
The benchmark Nikkei index rose 0.68% to 25,520.88, after reaching its highest level since June 5, 1991 early in the session.
China’s top-line CSI300 Index rose 0.1% to 4,908.46, while the Shanghai Composite Index fell 0.1% to 3,338.
Hong Kong’s Hang Seng Index was down 67.34 points or 0.26% to 26.122.52.
South Korea’s Kospi index fell 10.25 points, or 0.41%, to close at 2,475.62, reversing a 1.35% gain in the previous session.
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