Heavyweights assist push FBC KLCI above 1,600 factors

KUALA LUMPUR: The FBM KLCI staged a rebound on Wednesday to shut at its highest in a month, as buyers collected oversold shares following the current selldown.

At 5pm, the bellwether index rose 7.93 factors, or 0.5% to 1,604.72, its highest since March 3.

Throughout Bursa Malaysia, gainers led losers 601 to 435 whereas 405 counters traded unchanged. Turnover stood at 3.42 billion shares price RM2.46bil.

Sellers stated the native bourse is in a restoration temper following the current selldown.

In immediately’s session, 18 of the KLCI-component shares had been traded larger whereas 10 counters declined whereas two counters remained unchanged.

Kuala Lumpur Kepong led the mover on the index as the largest gainer and closed up 72 sen to RM26.72.

Nestle gained 70 sen to RM135.50, Petronas Dagangan rose 46 sen to RM21.90 and MISC superior 29 sen to RM7.76.

Laggards among the many KLCI part shares included Hong Leong Monetary Group, Inari, MR DIY and Prime Glove.

On the broader market, Transocean closed up 53 sen to RM3.28. The corporate was slapped with an uncommon market exercise (UMA) question by Bursa Malaysia following a current sharp rise in its share value and buying and selling quantity.

Heineken added 36 sen to RM22.56 and F&N gained 36 sen to RM21.62.

BLD Plantation fell 44 sen to RM8.98, Malaysian Pacific Industries eased 42 sen to RM36.70 and Aeon Credit score declined 36 sen to RM14.94.

Elsewhere within the area, Japan’s Nikkei 225 closed down 1.58%, South Korea’s Kospi eased 0.88%, China’s Shanghai Composite Index gained 0.02% and Hong Kong’s Hold Seng Index fell 1.87%.


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