KUALA LUMPUR, May 22 — Bursa Malaysia ended slightly higher today in cautious trading mode, supported by gains in crude oil prices and buying in blue chip stocks led by Petronas-related companies and Genting Malaysia, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at intraday's high of 1,774.95, edged up 6.67 points from last Friday's close of 1,768.28.
After opening 3.87 points higher at 1,772.15, the index moved between 1,768.98 and 1,774.95 throughout the day.
Market breadth was positive, with gainers led losers 542 to 420 with 374 counters unchanged, 413 untraded and 20 others suspended.
Volume increased to 4.10 billion units valued at RM2.95 billion from the 3.27 billion units valued at RM3.24 billion last Friday.
A dealer said the local bourse remained positive but in range-bound trading, tracking Asian peers in extending gains today, taking the cue from higher crude oil prices which stayed above US$50 a barrel, and the Wall Street rebound.
However, the local market remained in cautious mode, amid uncertainties over the sustainability of US President Donald Trump's market reforms, he said.
For heavyweights, TNB and Petronas Chemicals improved two sen each to RM13.80 and RM7.35, respectively, Public Bank rose 10 sen to RM20.10, while Maybank and Sime Darby were flat at RM9.35 and RN9.31, respectively.
Of the actives, Key Alliance Group added half-a-sen at 4.5 sen, AirAsia X rose two sen to 53 sen, Dagang Nexchange warrants improved one sen to 34.5 sen, while Key Alliance warrant and Netx Holdings were flat at 2.5 sen and seven sen, respectively.
Bursa Malaysia ended slightly higher today in cautious trading mode, supported by gains in crude oil prices and buying in blue chip stocks led by Petronas-related companies and Genting Malaysia, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at intraday's high of 1,774.95, edged up 6.67 points from last Friday's close of 1,768.28.
After opening 3.87 points higher at 1,772.15, the index moved between 1,768.98 and 1,774.95 throughout the day.
Market breadth was positive, with gainers led losers 542 to 420 with 374 counters unchanged, 413 untraded and 20 others suspended.
Volume increased to 4.10 billion units valued at RM2.95 billion from the 3.27 billion units valued at RM3.24 billion last Friday.
A dealer said the local bourse remained positive but in range-bound trading, tracking Asian peers in extending gains today, taking the cue from higher crude oil prices which stayed above US$50 a barrel, and the Wall Street rebound.
However, the local market remained in cautious mode, amid uncertainties over the sustainability of US President Donald Trump's market reforms, he said.
For heavyweights, TNB and Petronas Chemicals improved two sen each to RM13.80 and RM7.35, respectively, Public Bank rose 10 sen to RM20.10, while Maybank and Sime Darby were flat at RM9.35 and RN9.31, respectively.
Of the actives, Key Alliance Group added half-a-sen at 4.5 sen, AirAsia X rose two sen to 53 sen, Dagang Nexchange warrants improved one sen to 34.5 sen, while Key Alliance warrant and Netx Holdings were flat at 2.5 sen and seven sen, respectively. — Bernama
