KUALA LUMPUR: The FBM KLCI bucked the downtrend in most regional stock markets, staying in positive territory amid a cautious broader market.
At close, the KLCI was up 3.07 points, or 0.19%, to 1,611.50, just below its intraday high of 1,611.54.
There were 566 gainers, 435 losers and 514 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.83 billion shares valued at RM2.22bil.
The top gainer on Bursa Malaysia was Heineken, which gained 58 sen, or 2.53% to RM23.50. Kelington Group rose 55 sen to RM3.48, Tenaga Nasional added 30 sen to RM14.40 and Dutch Lady
gained 28 sen to RM28.90.
Newly listed Life Water surged 44.62%, or 29 sen, to 94 sen, becoming the most actively traded stock on Bursa Malaysia with 233.41 mil shares traded.
Plantation stocks dominated the losers list on Bursa Malaysia. Kuala Lumpur Kepong lost 32 sen to RM22.28, Johor Plantations declined 20 sen to RM1.25, and Hap Seng Plantations fell 19 sen to RM2.08.
Sarawak Oil Palms lost 18 sen to RM3.48, SD Guthrie fell 14 sen to RM5.01 and Genting Plantations declined nine sen to RM5.70.
Reuters reported that the ringgit was the major loser on Wednesday among broadly muted emerging Asian peers.
The ringgit dropped as much as 0.37% and was pinned near a three-month low against the greenback at 4.4545.
Meanwhile, US West Texas Intermediate crude holds steady at US$68.12 a barrel, while Brent gains three cents to reach US$71.92 per barrel.
Elsewhere in the region, Japan’s Nikkei 225 fell 1.1.66%, Hong Kong’s Hang Seng Index closed down 0.12%, South Korea’s Kospi lost 2.64%, China’s composite index added 0.62% and Singapore’s Straits Times Index declined 0.28%.
