Bursa Malaysia bucks regional trend to end higher, blue chips keep CI above 1,600

BURSA Malaysia bucked the mostly weaker regional trend at the close today, with a stellar performance by heavyweights supporting the key index to stay above the psychologically 1,600 level.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.70 points, or 0.35%, to 1,603.15, from Monday’s close of 1,597.45.

The benchmark index opened higher, adding 3.05 points to 1,600.50 and subsequently moved between 1,596.03 and 1,607.76 throughout the session.

Market breadth remained soft as decliners outpaced advancers 584 to 412 while 528 counters remained unchanged, 938 untraded, and 26 suspended.

Turnover narrowed to 2.54 billion units valued at RM2.37 bil versus 3.01 billion units valued at RM5.40 bil yesterday. – Nov 26, 2024

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