KUALA LUMPUR: Sustained buying momentum in key heavyweight stocks pushed the FBM KLCI higher for the fourth straight days on Thursday amid news of the en bloc resignations by the entire Khazanah Nasional Bhd board.
At the close, the benchmark FBM KLCI went up 2.45 points, or 0.14% to 1,766.23 from Wednesday’s close of 1,763.78 points.
The broader market, however, displayed its weakeness as decliners beat advancers by a wider margin, with 618 losers to 335 gainers and 389 counters unchanged.
Volume decreased to 3.03 billion units, valued at RM2.73bil.
The ringgit shed 0.17% to the US dollar at 4.0623. Earlier, the US dollar weakened to a three-year low following comments by US Treasury Secretary, Steven Mnuchin, who said he welcomed a weaker US currency, as it was good for trade and opportunities.
Among the KLCI-component stocks, there were 15 gainers, 12 decliners and three counters unchanged.
Movers in the KLCI component stocks included Tenaga Nasional Bhd
, which pushed the index up by 2.215 points. Tenaga jumped 22 sen to RM15.10. Maybank, added nine sen to RM9.90, lifting the index by 1.747. MISC rose 10 sen to RM6.50, nudging the index up by 0.792 points.
On Bursa Malaysia, Panasonic Manufacturing is the biggest gainer, rising 42 sen to RM38. Panasonic has proposed a final single tier dividend of RM1.33 per ordinary share for the financial year ended March 31, 2018. The group has also proposed a special single tier dividend of RM1.
The ex date for the dividend is Sept 5, while the entitlement is on Sept 7.
Meanwhile, Brent crude was last traded at US$74.30 per barrel while US crude traded at US$69.25 per barrel.
Among the key regional markets:
Japan’s Nikkei 225 eased 0.12% to 22,586.87;
Hong Kong’s Hang Seng Index fell 0.48% to 28,781.14 ;
Shanghai Composite Index declined 0.74% to 2,882.23;
Taiwan’s Taiex gained 0.41% to 11,010.61;
South Korea’s Kospi rose 0.71% to 2,289.06 and;
Singapore’s Straits Times Index is up 0.05% to 3,328.60 points.
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