FBM KLCI gains for fourth straight session

KUALA LUMPUR: The FBM KLCI finished higher for the fourth straight session on Wednesday on continued buying interest in index-linked stocks.

At closing, the benchmark index advanced 15.05 points, or 0.93% to 1,639.83 points. The index moved between 1,642.20 and 1,628.82 throughout the session. It opened 4.25 points higher at 1,629.03 this morning.

Market breadth was positive as gainers outnumbered losers on a ratio of 850-to-358 stocks. Traded volumes stood at 11 billion shares valued at RM7.19bil.

Among the 30 FBM KLCI constituents, 23 stocks were higher; four were lower while three traded flat.

Stock market data showed foreign funds were net buyers at RM121mil on Tuesday. Local institutions and retailers were net sellers at RM111mil and RM10mil respectively.

Nestle and Petronas Dagangan are among the top gainers among the component stocks. Nestle jumped RM1.20 to RM136.90 and Petronas Dagangan advanced RM1.10 to RM20.70.

Hong Leong Financial Group rose 48 sen to RM18.20, Press Metal added 46 sen to RM10.10 while Top Glove gained 13 sen to RM5.32.

Supermax and Petronas Gas shed two sen each to RM4.26 and RM15.98 respectively. Dialog fell one sen to RM3.27 and CIMB declined one sen to RM4.64.

On the broader market, Kobay added 71 sen to RM4.67, F&N gained 70 sen to RM31 and MPI rose 64 sen to RM35.54.

On the external front, MSCI's Asia ex-Japan stock index was firmer by 0.26%.

The Nikkei index inched up 0.03% to close at 29,036.56, while the broader Topix gained 0.11% to 1,919.74.

South Korea’s Kospi fell 18.00 points, or 0.60%, to 2,958.12 while Hong Kong’s Hang Seng index was up 134.29 points, or 0.47%, at 28,907.52.

China’s CSI300 index ended 0.66% higher to 5,003.61 while the Shanghai Composite index closed down 0.05% at 3,357.74.

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FBM KLCI , Bursa Malaysia , KLCI


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