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KUALA LUMPUR: The FBM KLCI snapped its two straight sessions of loss on Wednesday as investors picked up oversold counters.
At closing, the benchmark index added 6.86 points, or 0.48% to 1,442.51.
There were 448 gainers, 359 losers and 459 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.82 billion shares valued at RM1.8bil.
According to data on Bursa Malaysia, foreign investors and retailers disposed of RM16mil and RM52mil of local equities respectively on Tuesday. Local institutions acquired RM68mil worth of equities.
On Bursa Malaysia, BLD Plantation jumped 60 sen to RM10.92, AirAsia X added 27 sen to RM2.11, F&N gained 26 sen to RM26.26 and Hap Seng rose 19 sen to RM5.30.
On the other hand, Heineken lost 36 sen to RM24.04, Nestle fell 20 sen to RM126.60, Pimpinan Ehsan shed 16 sen to RM1.17 and Panasonic Manufacturing gave up 10 sen to RM17.90.
The actives included Widad, Kanger International, Leform and Sarawak Consolidated Industries.
Meanwhile, the ringgit is traded marginally higher against the greenback. The local currency is quoted at 4.7800, down 0.09% against the US dollar.
Elsewhere in the region, Hong Kong’s Hang Seng index rose 0.55%, to 17,085.33.
Japan’s Nikkei 225 edged up 0.67% to close at 31,269.92, while South Korea’s Kospi closed down 0.85%, at 2,363.17.
China’s CSI300 index rose 0.5%, to 3,504.46, while the Shanghai Composite Index firmed 0.4% to 2,974.11.
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