Bargain hunting lifts FBM KLCI marginally higher at close

BURSA Malaysia ended the week on a mixed note today with the barometer index lifted marginally higher by late bargain hunting in selected heavyweights, led by telecommunications and media sector, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.40 of-a-point to 1,531.73 from Wednesday’s close of 1,531.33.

Maxis Bhd gained 12 sen to RM4.70 and Digi.Com Bhd added 10 sen to RM4.30, both of which lifted the key index by a combined 3.06 points.

The FBM KLCI opened 4.44 points higher at 1,535.77 and fluctuated between 1,525.45 and 1,540.61 throughout the trading session.

The market was closed on Thursday for Deepavali.

However, the broader market was negative as decliners outpaced gainers 582 to 441, while 446 counters were unchanged, 822 untraded, and 31 others suspended.

Turnover slipped to 3.15 billion units valued at RM2.32 bil from Wednesday’s 3.42 billion units valued at RM2.35 bil. – Nov 5, 2021

Subscribe and get top news delivered to your Inbox everyday for FREE