KUALA LUMPUR, Oct 28 — The FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded from losses earlier in the day to close higher, lifted by consumer-related stocks such as Nestle, Dutch Lady Milk Industries and PBB Group.

At 5pm, the benchmark index stood at 1,825.68 points, rising 2.53 points, after hovering between 1,819.37 points and 1,825.85 points in trading.

Market breadth, was however negative, as losers outpaced gainers 529 to 284, while 274 counters were unchanged, 549 untraded and 11 others suspended.

Total volume fell to 1.58 billion shares valued at RM1.78 billion from the 2.29 billion shares valued at RM1.85 billion recorded on Monday.

Nestle gained 50 sen for RM68.50, Dutch Lady Milk Industries was 40 sen higher at RM46.52 and PBB Group gained 38 sen to RM14.76.

A dealer said investors are awaiting the outcome of the US Federal Reserve’s two-day meeting, which will begin later today.

Among active stocks, Ni Hsin was up 4.0 sen to 52 sen, while Sumatec Resources fell 1.5 sen to 34 sen.

Of the heavyweights, Maybank and Tenaga Nasional were up 2.0 sen each to RM9.70 and RM13.08 respectively, while Public Bank lost 4.0 sen to RM18.56.

On the scoreboard, the FBM Emas Index depreciated 22.06 points to 12,668.05 points, the FBMT100 Index fell 12.74 points to 12,315.87 points, and the FBM Emas Shariah Index slipped 6.77 points to 13,088.18 points.

The FBM 70 slid 127.5 points to 13,896.24 points and the FBM Ace shed 40.41 points to 6,415.75 points.

The Finance Index increased 4.54 points to 16,625.39 points and the Industrial Index rose 11.47 points to 3,208.73 points.

Main Market volume fell to 1.14 billion units valued at RM1.67 billion from the 1.59 billion units valued at RM1.69 billion recorded on Monday.

Turnover on the ACE Market decreased to 360.08 million shares worth RM100.4 million from 632.09 million shares worth RM151.11 million yesterday.

Warrants rose to 67.44 million valued at RM8.92 million from the 60.29 million units valued at RM6.47 million previously.

Consumer products accounted for 144.06 million shares traded on the Main Market, industrial products (186.22 million), construction (51.1 million), trade and services (478.24 million), technology (49.6 million), infrastructure (13.6 million), SPAC (96.97 million), finance (36.5 million), hotels (2.91 million), properties (57.73 million), plantations (18.37 million), mining (78,000), REITs (7.58 million) and closed/fund (10,000). — Bernama