KLCI snaps losing streak, up 2.34 points

TheStar Fri, Apr 19, 2019 06:00pm - 5 years View Original


KUALA LUMPUR: The local bourse snapped its three-day slide on Friday, lifted by bargain hunting activities following the past few bearish session.

At closing, the benchmark FBM KLCI closed 2.34 points firmer at 1,622.07. The index opened 0.91 of-a-point higher at 1,620.64 this morning. 

Market breadth was positive with 514 gainers and 275 losers, while 426 counters were unchanged. Volume stood at 2.52 billion units worth RM1.69bil.

In today’s session, half of the KLCI-component stocks were in the negative, 12 gainers and three counters unchanged.

Dealers said bargain hunting activities emerged on today but gains were limited as sentiment at the local market remain nervy.

At 5.50pm, the ringgit gained 0.21% to the US dollar 4.1333, rose 0.54% against the pound sterling at 5.3721, added 0.51% against the euro at 4.6472 and gained 0.4% to the Singapore dollar at 3.0492.

At Bursa, Panamy gained 30 sen to RM38, DWL rose 21 sen to RM1.31 and Heineken Malaysia advanced 20 sen to RM24.58.

Of the actives, Ekovest-WB rose 6.5 sen to 18 sen with 217.82 million shares traded. Iskandar Waterfront added 16 sen to RM1.02 while Ekovest grew eight sen to 67 sen. 

Among the key Asian markets, Japan’s Nikkei 225 close up 0.5%, China’s Shanghai Composite gained 0.63% and South Korea’s Kospi gained 0.11% but Hong Kong’s Hang Seng Index fell 0.54%. 
   
Market breadth was positive with 514 gainers and 275 losers, while 426 counters were unchanged. Volume stood at 2.52 billion units worth RM1.69bil.

In today’s session, half of the KLCI-component stocks were in the negative, 12 gainers and three counters unchanged.

Dealers said bargain hunting activities emerged on today but gains were limited as sentiment at the local market remain nervy.

At 5.50pm, the ringgit gained 0.21% to the US dollar 4.1333, rose 0.54% against the pound sterling at 5.3721, added 0.51% against the euro at 4.6472 and gained 0.4% to the Singapore dollar at 3.0492.

At Bursa, Panamy gained 30 sen to RM38, DWL rose 21 sen to RM1.31 and Heineken Malaysia advanced 20 sen to RM24.58.

Of the actives, Ekovest-WB rose 6.5 sen to 18 sen with 217.82 million shares traded. Iskandar Waterfront added 16 sen to RM1.02 while Ekovest grew eight sen to 67 sen. 

Among the key Asian markets, Japan’s Nikkei 225 close up 0.5%, China’s Shanghai Composite gained 0.63% and South Korea’s Kospi gained 0.11% but Hong Kong’s Hang Seng Index fell 0.54%. 

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