FBM KLCI climbs 0.64%, snapping two-day losing streak

KUALA LUMPUR: The FBM KLCI snapped a two-day losing streak on Wednesday as investors picked up oversold counters.

The modest rally lifted the benchmark index 9.27 points, or 0.64% higher to 1,462.37.

On the broader market, gainers outstripped losers 715 to 352 on higher trade of 5.63 billion shares worth RM3.12bil.

The top gainer on Bursa Malaysia was Nestle, which jumped 80 sen to RM118.50. Dutch Lady rose 76 sen to RM24.76, Bintulu Port gained 66 sen to RM5.90 and Edaran added 29.5 sen to RM1.21.

Meanwhile, the top decliner was Heineken, which lost 88 sen to RM23.30. Rapid fell 62 sen to RM27.20, Kluang Rubber slid 19 sen to RM4.15 and Hong Leong Bank declined 16 sen to RM18.50.

Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.47%.

Japan’s Nikkei 225 ended down 0.22% at 33,464.17, while South Korea’s Kospi ended 2.34% lower at 2,607.31.

Hong Kong’s Hang Seng index fell 0.85% to 16,646.41 and China’s Composite Index added 0.17% to 2,967.25.