Buying interest boosts FBM KLCI to 3-week high


  • Markets
  • Thursday, 21 Jul 2022

KUALA LUMPUR: The FBM KLCI maintained its upward trend to close higher on Thursday, as investors' risk appetite improved.

At 5pm, the benchmark index advanced 13.34 points, or 0.93% to 1,450.32, its highest since end-June.

There were 589 gainers, 302 losers and 396 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.13 billion shares valued at RM1.38bil.

In terms of fund flows, foreign funds and retailers were net sellers on Wednesday offloading equities worth RM18mil and RM6mil respectively.

Local institutions emerged as net buyers with total purchases valued at RM24mil.

On Bursa Malaysia, Nestle was the top gainer, jumping 80 sen to RM134.40, followed by Panasonic Manufacturing, which added 78 sen to RM26.68 and United Plantations, which rose 64 sen to RM14.64.

Among the top losers, Padini shed 13 sen to RM3.09, Hengyuan fell nine sen to RM4.11 and Shangri-La declined nine sen to RM3.25.

Among the banks, Maybank added 10 sen to RM8.70, Public Bank gained one sen to RM4.44, CIMB rose seven sen to RM5.16, RHB Bank climbed five sen to RM5.77 and Hong Leong Bank jumped 24 sen to RM20.32.

Elsewhere in the region, MSCI's Asia ex-Japan stock index was lower by 0.06%.

Japan's Nikkei 225 added 0.44%, while Seoul's Kospi close up 0.93%. Hong Kong’s Hang Seng Index dived 1.51% while the Shanghai Composite Index lost 0.99%.

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FBM KLCI , KLCI , Bursa Malaysia

   

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