SHARE prices on Bursa Malaysia closed higher today reversing its earlier losses and supported by continued buying in selected blue chips as well as lower-liners, dealers said.
At 5pm, the benchmark Kuala Lumpur Composite Index (KLCI) rose 0.18 per cent or 1.76 points to close the day at 967.46. It had opened 1.88 points lower at 963.582.
Dealers said the market started the day in negative territory as investors continued to cash out their positions to prevent further losses on concerns over the swine flu outbreak, which is expected to slow down the global economic recovery.
However, continued buying in selected heavyweights helped push the key index to finish the day on a positive note after recording two consecutive days of losses.
The steadier performance of regional markets also lent some support locally," a dealer said.
At close, the Finance Index rose 14.77 points to 7,421.71, the Plantation Index declined 6.48 points to 4,840.40 and the Industrial Index eased 5.77 points to 2,222.82.
Of the FTSE-BM series, the FBMEmas rose 20.46 points to 6,387.25, the FBM2BRD gained 22.24 points to 4,270.36, the FBM-MDQ jumped 69.53 points to 3,441.69 while the FBM30 declined 7.24 points to 6,185.37.
Advancers outnumbered losers by 396 to 196 while 182 counters were unchanged, 464 untraded and 32 others suspended. Overall volume declined to 1.051 billion shares worth RM931.534 million from 1.562 billion shares valued at RM1.312 billion yesterday. -- Bernama
At 5pm, the benchmark Kuala Lumpur Composite Index (KLCI) rose 0.18 per cent or 1.76 points to close the day at 967.46. It had opened 1.88 points lower at 963.582.
Dealers said the market started the day in negative territory as investors continued to cash out their positions to prevent further losses on concerns over the swine flu outbreak, which is expected to slow down the global economic recovery.
However, continued buying in selected heavyweights helped push the key index to finish the day on a positive note after recording two consecutive days of losses.
The steadier performance of regional markets also lent some support locally," a dealer said.
At close, the Finance Index rose 14.77 points to 7,421.71, the Plantation Index declined 6.48 points to 4,840.40 and the Industrial Index eased 5.77 points to 2,222.82.
Of the FTSE-BM series, the FBMEmas rose 20.46 points to 6,387.25, the FBM2BRD gained 22.24 points to 4,270.36, the FBM-MDQ jumped 69.53 points to 3,441.69 while the FBM30 declined 7.24 points to 6,185.37.
Advancers outnumbered losers by 396 to 196 while 182 counters were unchanged, 464 untraded and 32 others suspended. Overall volume declined to 1.051 billion shares worth RM931.534 million from 1.562 billion shares valued at RM1.312 billion yesterday. -- Bernama
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