Bursa Malaysia snaps 5-day losses to end higher, driven by data centre-linked stocks

BURSA Malaysia snapped five consecutive days of losses to end higher today, buoyed by stocks linked to the data centre supply chain, particularly in utilities and aluminium.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.67 points or 0.42% to 1,608.75 from yesterday’s close of 1,602.08.

The index opened 1.78 points higher at 1,603.86 and moved between 1,603.74 and 1,611.98 throughout the day.

Market breadth was positive as advancers trounced decliners 611 to 488, while 477 counters were unchanged, 925 untraded and 44 suspended.

Turnover fell to 2.79 billion units valued at RM2.40 bil versus 3.32 billion units valued at RM2.53 bil yesterday. – Dec 13, 2024

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