KLCI up as Bursa Malaysia volume falls

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KUALA LUMPUR (Jan 25): The FBM KLCI rose 3.24 points or 0.2%, tracking Japan share gains on news Japan's December 2016 exports rose more than expected from a year earlier.

At Bursa Malaysia today, the KLCI closed at 1,683.93 points at 5pm, while Japan's Nikkei 225 climbed 1.43%. Elsewhere, Hong Kong's Hang Seng gained 0.43%.
 
Reuters reported Japan's exports rose for the first time in 15 months in December, on strong sales of electronics and car parts, a positive sign for the export-reliant economy, even as U.S. protectionism threatens to hurt trade across the region and dent external demand.  

Ministry of Finance data showed on Wednesday that exports rose 5.4% year-on-year in December, compared with a 1.2% annual increase expected by economists in a Reuters poll. It followed an annual 0.4% decline in November.

Across Bursa Malaysia today, 1.3 billion shares, worth RM1.81 billion, were traded. There were 409 gainers against 327 losers.

Yesterday, the bourse saw 1.56 billion shares, worth RM2.03 billion transacted.
  
Today, JF Apex Securities Bhd analyst Lee Cherng Wee told theedgemarkets.com that Bursa Malaysia's lower share-trade volume "was expected" ahead of Chinese New Year this weekend.