KUALA LUMPUR, April 14 — Bursa Malaysia closed flat today with the key index rising marginally by 0.1 percent on late bargain hunting, in line with the positive regional performance.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up by 0.91 of a point to 1,435.13 from yesterday's close of 1,434.22.
The barometer index had opened 0.62 point higher at 1,434.84 and moved between 1,431.81 and 1,438.28 throughout the day.
The market breadth was slightly negative as decliners outpaced gainers 425 to 415, while 393 counters were unchanged, 1,032 untraded, and 19 others suspended.
Turnover stood at 3.22 billion units worth RM1.7 billion.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng noted that key regional indices were also in positive territory following positive cues from Wall Street overnight.
"Investors are hoping that the weakening inflation rate in the United States might prompt the US Federal Reserve (Fed) and European central banks to postpone or scale back plans for interest rate hikes,” he told Bernama.
Among the heavyweight counters, CIMB added three sen to RM5.23 and Tenaga Nasional rose by six sen to RM9.21.
Maybank, Public Bank, and Petronas Chemicals were all flat at RM8.71, RM3.99, and RM7.40, respectively.
As for the actives, Revenue rallied 8.5 sen to 40.5 sen, Hong Seng gained half-a-sen to 13.5 sen while CSH Alliance and TWL were both flat at 4.5 sen and five sen, respectively.
My EG retreated two sen to 85.5 sen. — Bernama
