KUALA LUMPUR, April 2 — Bursa Malaysia finished trading today on a firm note, lifted by oil and gas-linked counters amid a crude oil prices rally. At 5pm, key index FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 8.24 points, or 0.62 per cent to 1,330.90 from 1,322.66 at Wednesday’s close. The FBM...
A view of the bursa stock market exchange board in RHB Investment Bank in Kuala Lumpur May 14, 2018. — Picture by Razak Ghazali
The FBM KLCI opened 2.04 points lower at 1,320.62 at 9am and hovered between 1,316.94 and 1,332.61 throughout the day. Maybank Investment Bank Bhd remisier Jeffry Azizi Jaafar said benchmark Brent crude oil price surging as much as 12 per cent to US$27.88 per barrel earlier Thursday had boosted investor sentiment in the market.
Jeffry Azizi said bargain hunting was also seen in some energy and technology-linked stocks today, in addition to the positive sentiment buoyed by the recent stimulus packages announced globally. Top gainers included Nestle, which soared RM1.70 to RM137.80. QL Resources accumulated 40 sen to RM7.90 and Heng Yuan was 32 sen firmer at RM2.78, while Petron Malaysia and Serba Dinamik bagged 29 sen each to RM3.35 and RM1.79, respectively.
Main Market volume widened to 4.29 billion shares valued at RM2.22 billion from 3.64 billion shares valued at RM2.47 billion on Wednesday.
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