Stocks on Bursa Malaysia closed on a mixed note yesterday amidst cautious trading in a directionless range-bound pattern. The benchmark FBM KLCI rose by 2.2 points or 0.14% to close at 1,573.6, after opening 2.9 points higher at 1,574.3. Losers led gainers by 434 to 319 while 329 counters were unchanged. Turnover fell to 1.8 billion shares worth RM1.51 billion from 2.414 billion shares worth RM1.926 billion on last Friday.
Stocks on Bursa Malaysia closed mixed last Friday, ending the week in cautious trading in line with major regional markets as foreign investors liquidated regional stocks to benefit from the recovery in the US on the backdrop of improved sentiment in global market as well as concern on China's growth. The benchmark FBM KLCI was down 7.98 points or 0.51% to close at 1,571.40, after opening 1.1 point higher at 1,580.48, and week-on-week, it fell 7.6 points from 1,579 previously. Gainers outnumbered losers by 437 to 330, while 343 counters were unchanged. Turnover surged higher to 2.414 billion shares worth RM1.926 billion from 1.359 billion shares valued at RM1.731 billion on Thursday. Total weekly volume decreased to 7.479 billion units worth RM8.609 billion from 7.556 billion units worth RM8.631 billion the previous week.
Stocks on Bursa Malaysia closed broadly lower on cautious trading yesterday, amid concerns over the extent of China's economic slowdown. The local market is likely to remain in consolidation mode in the near-term, given the limited investor participation during the school holidays as most market players remained on the sidelines. The FBM KLCI, however, rose 3.67 points or 0.23% to close at 1,579.38, reflecting investors' appetite towards high-price blue chip stocks, which were more defensive. Decliners led advancers by 443 to 296 while 367 counters were unchanged. A total of 1.359 billion shares, worth RM1.731 billion, changed hands compared with 1.273 billion shares, worth RM1.845 billion, registered on Wednesday.
Stocks on Bursa Malaysia rebounded yesterday with the FBM KLCI staying above the 1,575 points level buoyed by external developments in the United States and the Euro zone. Stronger-than-expected retail sales in the US and comments from the Federal Reserve that financial market strain was easing, as well as, news that most US banks passed their annual stress test lifted global equity markets. The FBM KLCI ended 11.69 points or 0.75% higher at 1,575.71 after opening 6.04 points better at 1,570.06. Gainers overwhelmed losers by 444 to 334 while 356 counters were unchanged. Some 1.273 billion shares, worth RM1.845 billion, changed hands compared with 1.163 billion shares, worth RM1.471 billion, registered on Tuesday.