KUALA LUMPUR: The FBM KLCI finishes the day relatively unchanged amid a mixed regional market, despite the surge in China's market.
The 30-stock index added a negligible 0.33 points, closing at 1,635.62, down from its intraday high of 1,638.87.
Gainers led sellers by 567 to 486, while 508 counters traded unchanged. Volume was 3.25 billion shares, valued at RM2.7bil.
Reuters reported that mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing.
China's CSI 300 index closed up 5.93% at 4,256.10 while the Shanghai Composite Index ended 4.59% higher at 3,489.78. Hong Kong's Hang Seng Index, however, tumbled 9.41% to 20,926.79.
Japan’s Nikkei 225 closed down 1% at 38,937.54, South Korea’s Kospi declined 0.61% to 2,594.36 and Taiwan’s Taiex index declined 0.4% to 22,611.39.
On Bursa Malaysia, Nestle rose RM1 to RM106, Panasonic Manufacturing
gained 20 sen to RM18.44, Tenaga Nasional added 20 sen to RM14.18 and Hong Leong Industries climbed 16 sen to RM13.96.
LPI Capital closed up 22 sen at RM13 while Public Bank rose one sen to RM4.57, amid speculation of potential corporate developments at Public Bank.
Public Bank is scheduled to hold a press conference on Oct 11.
During the conference, managing director and chief executive officer Tan Sri Dr. Tay Ah Lek, along with several key stakeholders, will share important updates and information related to a major announcement, according to the media invite.
Among the decliners on Bursa Malaysia, PETRONAS Dagangan slid 48 sen to RM17.94, F&N lost 46 sen to RM30.82 and Ayer fell 35 sen to RM7.
Pertama Digital hit its limit down, falling 30 sen, or 38.22%, to 48.5 sen. Bursa Malaysia has suspended short selling for the remainder of the day due to the decline of more than 15% from the reference price.
