Genting, Digi underpin FBM KLCI rebound

KUALA LUMPUR: Bursa Malaysia ended higher on Tuesday on mild bargain-hunting following yesterday's sell-off and in tandem with the positive performance of regional bourses.

At 5pm, the FBM KLCI was up 1.78 points, or 0.11% to 1,574.02 with Genting and Digi leading the gains. The index opened 0.68 of-a-point easier at 1,571.56 in the morning.

Turnover stood at 5.9 billion shares valued at RM3.07bil. There were 528 gainers, 481 losers and 468 counters traded unchanged on the Bursa Malaysia.

According to data from Bursa Malaysia, foreign investors were net sellers at RM185mil but local institutions were net buyers at RM63mil on Monday. Retail investors acquired RM122mil worth of equities.

Digi rose 10 sen to RM4.42 pushing the index higher by 1.1810 points while Genting rose 11 sen to RM5.17, contributing 0.6478 points to the index.

Public Bank added two sen to RM4.20, lifting the index 0.5897 points higher while Maybank gained two sen to RM8.20 pushing the index higher by 0.3468.

Kuala Lumpur Kepong tumbled 66 sen to RM20.84, Nestle fell 60 sen to RM134, Petronas Gas shed 30 sen to RM18.90 and Hartalega lost 18 sen to RM8.20.

On the broader market, the top gainers were Genetec up 33 sen to RM5.61, OM Holdings rose 26 sen to RM2.83 and British American Tobacco added 18 sen to RM14.60.

Meanwhile, the ringgit was quoted at 4.1525, down 0.14% against the US dollar.

The local unit fell 0.44% to 5.7676 against the pound sterling, fell 0.21% to the Euro at 4.9446 and declined 0.01% against the Singapore dollar at 3.0838.

Brent crude was last traded at US$74.86 per barrel while US crude traded at US$73.36 a barrel.

Among the key regional markets:

Japan’s Nikkei 225 advanced 3.12% to 28,884.13;

Hong Kong’s Hang Seng Index fell 0.63% to 28,309.76;

CSI 300 rose 0.62% to 5,122.16;

Taiwan’s Taiex rose 0.074% to 17,075.55;

South Korea’s Kospi gained 0.71% to 3,263.88 and

Singapore’s Straits Times Index fell 0.28% to 3,109.20.

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