FBM KLCI rebounds to end on intraday high


KUALA LUMPUR: Bursa Malaysia ended higher today on buying support in index-linked counters, led by healthcare and PETRONAS-linked counters, amid advances in regional bourses.

The 30-stock index closed at 1,477.19, up 11.26 points, or 0.77% taking its full-week drop to 4.61 points, or 0.31%.

Market breadth was positive with 580 counters ending in the green against 390 that closed weaker. About 3.24 billion shares, valued at RM1.94bil, changed hands.

In terms of fund flows, foreign investors and retailers were net sellers on Thursday offloading equities worth RM100mil and RM9mil respectively.

Local institutions emerged as net buyers with total purchases valued at RM109mil.

On Bursa Malaysia, Nestle is the biggest gainer, rising RM1.60 to RM136.80. Vitrox rose 34 sen to RM7.94, PETRONAS Gas added 32 sen to RM16.84 and Fraser & Neave closed up 22 sen to RM21.26.

Kuala Lumpur Kepong shed 20 sen to RM20.88, Calsberg lost 20 sen to RM22.88 and Hextar Technologies eased 18 sen to RM13.18.

Among the banks, Hong Leong Bank rose 18 sen to RM20.62, Maybank climbed seven sen to RM8.69 and CIMB added four sen to RM5.65.

Top Glove rose 3.5 sen to 84 sen, Hartalega gained five sen to RM1.63 and IHH Healthcare added 15 sen to RM6.

Meanwhile, the ringgit was quoted at 4.4067, up 0.2% against the US dollar.

US West Texas Intermediate crude rose 23 cents to US$71.69 and Brent crude added 19 cents to US$76.34 per barrel.

On the external front, MSCI’s Asia ex-Japan stock index was higher by 1.19%.

Japan’s Nikkei 225 advanced 1.18% to 27,901.01 while South Korea’s Kospi closed up 0.76%, at 2,389.04.

Hong Kong’s Hang Seng ended 2.32% higher at 19,900.87.

China’s CSI300 index rose 0.99% to 3,998.24 while the Shanghai Composite gained 0.3% to 3,206.95.

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