Strong buying of Genting, PetChem boosts market

KUALA LUMPUR: Strong buying of Genting Bhd and Petronas Chemicals Group Bhd by institutions, along with persistent interest in lower liners helped propel the FBM KLCI to close at 1,862 points, the highest since September 2014.

Helped by overnight gains on Wall Street, volume on Bursa Malaysia continued to be high – mainly driven by the various thematic plays among the lower liners. At 5pm, the index was up 14.14 points or 0.76% to 1,862.80. Turnover was 3.03 billion shares valued at RM2.45bil. There were 536 gainers, 359 losers and 311 counters unchanged.