Bursa prices rebound to close higher

KUALA LUMPUR, Feb 21 – Share prices rebounded in the last ten minutes of trading on Bursa Malaysia today, pushing the FTSE Bursa Malaysia KLCI (FBM KLCI) back into the positive territory after three day of consecutive losses, dealers said.

Last minute buying of selected heavyweights like Axiata, CIMB, Petronas Chemicals and Maybank, aided the benchmark index’s rise by 0.72 of a point to close at 1,614.05, its the highest level recorded today.

Meanwhile, some regional bourses declined, taking the cue from the overnight slide on Wall Street with Japan’s Nikkei 225 giving up 159.15 points to 11,309.13, Hong Kong’s Hang Seng slashed 400.74 points to 22,906.67 and Singapore’s Straits Times declined 21.29 points to 3,287.60.

On the home front, the Finance Index added 7.771 points to 14.832.94, the Industrial Index rose 7.45 points to 2,782.61 but the Plantation Index erased 85.23 points to 7,831.08.

The FBM Emas Index edged up 2.32 points to 10,967.08, the FBMT100 Index rose 3.97 points to 10,823.31, the FBM Mid 70 Index added 0.67 of a point to 11,912.52 while the FBM Ace Index dropped 76.12 points to 3,921.48.

Decliners led advancers 443 to 236 with 317 counters unchanged, 680 untraded and 17 others were suspended.

Total volume eased to 1.169 billion units, valued at RM1.69 billion, from Wednesday’s 1.37 billion shares worth RM1.713 billion. – Bernama


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