Bursa Malaysia ended slightly off its intraday high today on renewed hopes of a possible two interest rate cuts in the United States (US) this year.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) bagged 7.88 points to 1,611.11 compared to yesterday’s (May 15) close of 1,603.23, marking its highest level since March 2022.
The barometer index opened 1.15 points better at 1,604.38 and hit a high of 1,611.57 in the afternoon session.
Gainers outnumbered the losers 720 to 492, with 456 counters unchanged, 700 untraded and 10 others suspended. – May 16, 2024
