Bursa closes higher on buying interest in telecommunication blue chips
KUALA LUMPUR, July 17 – Share prices closed higher for the second consecutive day with buying interest seen in telecommunication blue chips, dealers said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 3.19 points higher at 1,639.15 after trading between 1,646.97 and 1,632.5 throughout the day.
A dealer said the market was riding on the stronger ringgit and optimism on China’s economic growth but the uptrend was limited by profit taking activities.
The Finance Index dropped 30.7 points to 14,623.5, Plantation Index declined 27.58 points to 8,821.56 while the Industrial Index increased 2.55 points to 2,865.08.
The FBM Emas Index rose 24.43 points to 11,217.10, FBM Ace Index was 1.97 points higher at 4,358.59 and the FBMT100 increased 25.5 points to 11,034.51.
Decliners led advancers 409 to 401 while 314 counters closed unchanged, 455 untraded and 10 others were suspended.
Total volume rose to 1.347 billion shares, valued at RM2.013 billion, from yesterday’s 1.112 billion shares valued at RM1.509 billion. – Reuters