KUALA LUMPUR: The FBM KLCI rebounded on Tuesday as investors' risk appetite improved following yesterday’s selldown amid weak Asian markets.
The 30-stock index rose 7.61 points, or 0.47% to 1,629.68 after moving between its intraday high of 1,632.50 and low of 1,625.23.
There were 685 gainers against 458 decliners while 502 counters traded unchanged. About 5.12 billion shares, valued at RM3.6bil, changed hands.
Dealers noted that bargain hunting pushed the local bourse higher following the previous session's heavy selloff, during which over 1,000 counters closed in the red.
Newly listed Well Chip Group was the top gainer on Bursa Malaysia, jumping 49.57% or 57 sen to RM1.72, followed by Crescendo, which climbed 34 sen to RM4.07 and Carlsberg, which rose 22 sen to RM18.90.
Among the losers, Kuala Lumpur Kepong slid 52 sen to RM20.84, Dutch Lady
fell 46 sen to RM32.60, Theta Edge lost 41 sen to RM2.65 and Edaran declined 21 sen to RM1.54.
Meanwhile, regional markets closed broadly lower. The Hong Kong Hang Seng closed down 0.94% to settle at 17,469.36, while the Shanghai Composite Index fell 1.65% to 2,915.37.
Japan’s Nikkei 225 also slid 0.012% to 39,594.39 and South Korea’s Kospi added 0.39% to 2,774.29.
