Bursa closes at newall-time high

Business Times

KUALA LUMPUR: Bursa Malaysia closed at a new all-time high yesterday, in line with gains in regional markets amid concerns of escalating violence in Iraq and absence of fresh leads from Wall Street.

The FTSE Bursa Malaysia KLCI gained 8.37 points, or 0.44 per cent, to end at 1,892.33.

The index, which tracks the top 100 companies on the stock market with the highest market capitalisation, previously closed at an all-time high of 1,887.07 on May 19. 

 In its research note, JF Apex Secrities Bhd said trading volume increased to two billion shares worth RM2.1 billion compared with Monday’s 1.7 billion shares worth RM1.9 billion.

Among the leading movers, Petronas Gas advanced 40 sen to RM24.70, Tenaga Nasional Bhd appreciated 22 sen to RM12.06, British American Tobacco gained 20 sen to RM66.70 and Kuala Lumpur Kepong rose 10 sen to RM24.30.

Among lagging movers were Public Bank Bank, which eased four sen to RM20.14, and Genting, which lost two sen to RM10.06.

There were 452 gainers compared with 396 losers, with 307 counters unchanged, 473 untraded and 16 suspended.