Bursa Malaysia closes relatively higher on late buying on Wednesday

BURSA Malaysia closed marginally higher following the emergence of late buying interest in selected heavyweights such as gloves, banks and oil and gas counters, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 0.35 of-a-point to 1,606.32, compared with Monday’s close of 1,605.97.

The benchmark index, which opened 5.86 points firmer at 1,611.83, moved between 1,601.31 and 1,613.35 throughout the day.

However, market breadth was negative with losers leading gainers 619 to 511, while 447 counters were unchanged, 706 untraded and one counter suspended.

Turnover fell to 4.29 billion units worth RM3.11 bil against 4.61 billion units worth RM2.91 bil on Monday.

Bursa Malaysia and its subsidiaries were closed on Tuesday in conjunction with the Maulidur Rasul holiday. – Oct 20, 2021

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