KLCI rises 15.76pts as recovery extends

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KUALA LUMPUR (June 1): The FBM KLCI gained 15.76 points or 0.9% as bargain hunting extended the index's recovery following recent substantial losses. At 5pm today, the KLCI closed at 1,756.38 points.

The KLCI extended its recovery today after yesterday's (Thursday) 21.34-point rise to 1,740.62 points. On Wednesday, the index fell 56.56 points to 1,719.28 points.

Today, TA Securities Holdings Bhd senior analyst Stephen Soo told theedgemarkets.com: "The follow-through from yesterday looks quite strong."

Across Bursa Malaysia today, trading volume stood at 2.88 billion shares valued at RM2.79 billion. Today's trading volume and value were down from yesterday's hefty 4.61 billion shares valued at a record high of RM9.27 billion.

Today's top gainers included KLCI-linked stocks Malayan Banking Bhd and MISC Bhd.

The most-active stocks included Sapura Energy Bhd and Opcom Holdings Bhd.