Bursa Malaysia ends higher on positive sentiment to 2018 Budget

Publish date: Fri, 27 Oct 2017, 06:22 PM

KUALA LUMPUR: Bursa Malaysia rebounded to end higher today on persistent buying on heavyweight stocks, following positive sentiment brought by the 2018 Budget announcement today, and in tracking the firm performance of regional peers, dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.33 points to end at 1,746.13 compared with Thursday's close of 1,736.80.

After opening 4.54 points better at 1,741.34 in the morning, the index moved between 1,739.89 and 1,751.50 throughout the day.

Market breadth, was positive with gainers outpaced losers by 511 to 344, with 399 counters unchanged, 621 untraded and 106 others suspended.

Volume rose to 2.76 billion worth RM2.66 billion from 2.53 billion units worth RM2.13 billion on Thursday. -- Bernama

Discussions
Be the first to like this. Showing 7 of 7 comments

apolloang

this is call positive ar? Thailand set index soon gonna pass KLCI

2017-10-27 22:11

TheContrarian

If not for Tenaga's big jump, the index might have been flat.

2017-10-27 22:26

apolloang

tenaga jump more than the dividend gonna be given

2017-10-27 22:29

TheContrarian

True, it looked like panic buying by some funds to include higher weight into their portfolios.

2017-10-27 22:38

hstha

Brent Oil Near Two-Year High as Saudi Prince Backs OPEC Cuts
https://www.bloomberg.com/news/articles/2017-10-26/oil-trades-near-highest-since-april-as-saudis-back-longer-cuts

2017-10-27 22:42

hstha

Local people and analysts tend to be near-sighted and fail to see a big picture.
But foreign funds were net buyers yesterday and moved KLCI to the point a week ago. As it plunged due to unertainty of Budget 2018 this week, it was natural movement.

What's next?

A rate hike in the US is likely to happen in December, but KLCI has not caught up with a global rally yet. I think there is still much room for upside.

2017-10-28 12:54

tecpower

http://www.thesundaily.my/news/2017/10/28/bursa-msia-likely-rebound-next-week
Bursa M'sia likely to rebound next week

2017-10-29 11:55

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