KL shares close higher on short-covering
Share prices on Bursa Malaysia closed higher today on short-covering, especially in blue chips, ahead of the weekend, dealers
At 5pm today, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 3.56 points to 1,810.41, after moving between 1,801.69 and 1,811.15 throughout the day.
A dealer said gains in blue chips helped boost the FBM KLCI despite the weaker Asian markets, as investors' sentiments rose on China's manufacturing data.
It said China's manufacturing sector grew at the fastest in 18 months in October, with the official Purchasing Managers' Index rising to 51.4 last month from September's 51.1, beating economists' consensus forecast of 51.2.
On the scoreboard, the Finance Index rose 24.26 points to 16,654.53 and the Plantation Index climbed 1.28 points to 8,615.58 while the Industrial Index slipped 4.69 points to 3,136.89.
The FBM Emas Index gained 18.46 points to 12,586.94, the FBMT100 increased 18.16 points to 12,310.9 and the FBM Ace Index chalked up 50.5 points to 5,746.29.
Meanwhile, the FBM70 Index gave up 3.94 points to 14,290.6.
Total volume fell to 1.81 billion shares worth RM2.09 billion from 1.89 billion shares worth RM2.19 transacted yesterday.
Gainers edged losers by 420 to 359, with 308 counters unchanged, 501 untraded and 19 others suspended.-- Bernama