KL shares end 0.42pc higher on foreign buying

Publish date: Thu, 16 Apr 2015, 03:14 AM

KUALA LUMPUR: Bursa Malaysia ended higher today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closing 7.81 points or 0.42 per cent better at 1,847.94 on foreign fund buying, dealers said. Top weighted Maybank was the main contributor to the composite index today, gaining 11 sen to RM9.45 with 15.05 million shares changing hands. Support to the key index also came from other component stocks including IHH Healthcare which edged up 11 sen to RM5.83, Public Bank added 22 sen to RM19.24 and Tenaga gained 14 sen to RM14.54. A local dealer attributed the rise today to the entry of foreign funds into Bursa Malaysia. "At cheap ringgit (versus US dollar) around 3.65-3.70, entry into Bursa is definitely value buy," he said. On the broader market, gainers overwhelmed losers by 517 to 340, with 357 counters unchanged, 588 counters untraded and 11 others suspended. Total volume stood at 2.70 billion shares worth RM2.52 billion, matching Wednesday's 2.70 billion shares worth RM2.51 billion. For other barometers, the FBM Emas Index was 64.24 points higher at 12,728.17, FBMT100 Index rose 61.80 points to 12,396.93 and the FBM Emas Shariah Index improved 65.49 points to 13,270.13. The FBM 70 surged 104.71 points to 13,724.56, and the FBM Ace edged up 8.07 points to 7,274.26. On a sectoral basis, the Finance Index added 58.60 points to 16,332.10, the Plantation Index climbed 44.98 points to 7,773.56 while the Industrial Index advanced 2.10 points to 3,412.59. - Bernama

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fortunebullz

Fat profit for foreign funds to enjoy both strengthening ringgit and bursa bull market! Hot money trialling into bursa at furious speed!

2015-04-16 20:45

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