KUALA LUMPUR: The FBM KLCI closed marginally higher on Tuesday lifted by last-minute buying in selected index-linked counter.
At 5pm, the benchmark index settled 0.29 of-a-point higher at 1,426.08 points after moving between 1,426.19 and 1,418.50.
The broader market displayed its weakness as decliners outpaced advancers, with 569 losers against 292 gainers and 357 counters unchanged. Traded volumes stood at 2.36 billion shares valued at RM1.27bil.
In today’s session, 18 of the KLCI-component stocks chalked up gains while nine counters ended lower.
The pace of foreign fund selling on Bursa Malaysia slowed in the previous week to RM120.6mil net of equities, about half the amount in the week prior.
Following the sell-off, the net inflow of international funds to the domestic market so far this year narrowed to RM5.95bil
On Bursa Malaysia, Ajinomoto was the day's top gainer, rising 46 sen to RM12.18. Other top gainers included PPB Group, which added 40 sen to RM16 and Kuala Lumpur Kepong, which gained 38 sen to RM21.
Malaysian Pacific Industries
fell 38 sen to RM27.82, Panasonic Manufacturing lost 34 sen to RM5.49 and Pentamaster eased 27 sen to RM3.40.
Regional markets closed lower today with Hong Kong’s Hang Seng index closed down 1.32% to 20,844.74 while China’s Shanghai Composite was down 0.97% to 3,281.47.
Japan’s Nikkei 225 also fell 1.77% to 26,336.66 and South Korea’s Kospi index slid 0.96% to 2,317.76.
