Bursa Malaysia closes firmer

May 16, 2018 | By | Reply More

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KUALA LUMPUR, May 16 (Bernama) – Bursa Malaysia closed firmer today with investor sentiment continuing to recover following government assurances of an investment friendly environment.

At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.06 points to 1,858.26 from Tuesday’s close of 1,848.2.

The index opened 3.63 points higher at 1,851.83 and hovered between 1,841.83 and 1,862.35 throughout the day.

Newly-elected Prime Minister Tun Dr Mahathir Mohamed in an interview with an international business publication yesterday gave an assurance that the government would maintain an investment friendly environment.

He said Malaysia welcomed foreign direct investments from all over the world, including China.

Among heavyweights, Maybank perked six sen to RM10.86, Public Bank rose 50 sen to RM24.50, Petronas Chemicals gained two sen to RM8.62 and CIMB added 10 sen to RM6.85.

Among the actives, Advance Synergy eased three sen to 19.5 sen with Sapura Energy and MRCB slipping half a sen each to 81 sen and 76.5 sen.

UMW O&G climbed half a sen to 30 sen, while Nexgram was flat at five sen.

Market breadth was positive with gainers outpacing losers 492 to 486, with 368 counters unchanged, 535 untraded and 19 others suspended.

Volume fell to three billion units valued at RM2.911 billion from yesterday’s 4.31 billion units valued at RM4.44 billion.

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