KUALA LUMPUR: Bursa Malaysia staged a firm rally with the market bellwether ending at its intraday high Thursday, thanks to the positive local market sentiment and foreign support, in tandem with the uptrend in regional peers, a dealer said.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 20.49 points, or 1.39 per cent, to 1,491.20 from Wednesday’s close of 1,470.71.
The benchmark index opened 1.68 points better at 1,472.39 and gathered further momentum towards the end of the trading day.
On the broader market, gainers trounced losers 653 to 264, while 393 counters were unchanged, 988 untraded and 66 others suspended.
Total turnover increased to 2.83 billion units worth RM1.81 billion from 2.19 billion units worth RM1.36 billion on Wednesday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional indices trended broadly higher following upbeat cues on Wall Street overnight.,
"Investors reacted positively to the US Federal Reserve's (Fed) anticipated interest rate hike. Fed Chair Jerome Powell commented that he does not think the US is currently in a recession, adding that the central bank will likely slow rate increases at some point," he told Bernama.
Regionwise, the Singapore's Straits Times Index rose 0.48 per cent to 3,220.65, South Korea's KOSPI added 0.82 per cent to 2,435.27, Japan's Nikkei 225 edged up 0.36 per cent to 27,815.48, and China’s SSE Composite Index put on 0.21 per cent to 3,282.58, but Hong Kong's Hang Seng Index was 0.23 per cent lower at 20,622.68.
Back home, Thong nevertheless said investors should stay alert on the increasing market volatility and external uncertainties.
Hence, he anticipates the benchmark index to trend sideways with a slight bias towards positive, within the range of 1,485 to 1,500 towards the weekend, with immediate support at 1,460 and resistance at 1,500.
Among the heavyweights, Maybank bagged five sen to RM8.85, Public Bank gained four sen to RM4.64, Petronas Chemicals added 27 sen to RM8.91, IHH Healthcare perked up two sen to RM6.39, and CIMB Group advanced six sen to RM5.28.
Of the actives, Zen Tech International eased half-a-sen to four sen, MyEG earned two sen to 76.5 sen, Metronic Global rose 1.5 sen to 14.5 sen, while Bintai Kinden and Serba Dinamik were flat at 12 sen and 11 sen, respectively.
On the index board, the FBM Emas Index added 148.67 points to 10,578.65, the FBM Emas Shariah Index improved 186.12 points to 10,681.03, the FBMT 100 Index climbed 148.07 points to 10,333.40, the FBM ACE put on 53.29 points to 4,832.49, and the FBM 70 surged 206.22 points to 12,684.69.ag区块链百家乐声明:该文看法仅代表作者自己，与www.allbetgame.us无关。转载请注明：Bursa Malaysia ends at intraday high, KLCI up 1.39%