免费足球推介（www.hgbbs.vip）:FBM KLCI closes higher, tracking regional peers
KUALA LUMPUR: The FBM KLCI swung higher on Thursday, a day after profit-taking sent equities sharply into the red, in line with the performance in key regional markets.
At 5pm, the 30-stock index advanced 11.38 points, or 0.77% to 1,480.93 after hitting an intraday high of 1,481.01.
Gainers beat losers 479 to 418 across the broader market with 3.3 billion shares worth RM1.96bil traded.
SPI Asset Management managing partner Stephen Innes said markets continued their jolly start to the year, with investors riding on China's reopening train amid more signs of easing inflation that should allow central banks to ease up on rate hikes.
“The question is will they play ball? Still, US risk markets are hesitant to follow through today despite the inflationary downward trajectory reinforced on the back of the recent collapse in energy prices,” he said, adding that investors remained overly concerned that Fed policy would eventually drive the global economy into a recession.
Hextar Technologies was the top gainer on Bursa Malaysia, jumping RM2.38, followed by Nestle which rose RM1.50 to RM139.50, and Malaysian Pacific Industries, which rose RM1.10 to RM30.30.
E-payment solutions provider, Revenue Group tumbled 28.15%, or 19 sen to 48.5 sen with 69.14 million shares traded.
The company has suspended the executive functions of Ng Shih Chiow and Ng Shih Fang with immediate effect pending further investigation over certain complaints against them.
Shih Chiow is the executive director and group chief operating officer while Shih Fang is the executive director and group chief technology officer.
Heineken fell 28 sen to RM24.76, Carlsberg lost 14 sen to RM22.84, KESM eased 12 sen to RM6.72 and Texchem declined 11 sen to RM1.94.
Meanwhile, US West Texas Intermediate crude rose 45 cents to US$73.29 and Brent added 39 cents to US$78.23 per barrel.
On the external front, MSCI’s Asia ex-Japan stock index was higher by 0.64%.
China's CSI 300 Index closed up 1.94%, and the Shanghai Composite Index rose 1.01%. Both indexes logged their best daily performance since Dec. 5.
Japan’s Nikkei 225 advanced 0.4% while South Korea’s Kospi closed up 0.38%.
Hong Kong’s Hang Seng ended 1.25% higher and Singapore’s Straits Times Index closed up 1.34%.