BURSA Malaysia recouped earlier losses to end slightly higher and stay above the key 1,500 level, as buying interspersed with selling in heavyweights, said a dealer.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) also bucked the regional trend, rising 1.28 points to 1,501.57 from last Friday’s closing of 1,500.29.
The benchmark index opened 13.77 points lower at 1,486.52 this morning and moved between 1,481.79 points and 1,506.55 points throughout the day.
On the broader market, losers trumped gainers 616 to 278, while 387 counters were unchanged, 1,078 untraded, and 81 others suspended.
Total turnover fell to 1.94 billion units worth RM1.59 bil from 2.40 billion units worth RM1.86 bil last Friday.
A dealer said Bursa Malaysia opened sharply lower but turned positive at mid-morning on bargain hunting in selected heavyweights, led by plantation, consumer products and financial heavyweights, before succumbing to selling pressure at midday.
The Malaysian equities market turned positive again in early afternoon session but continued in choppy trading before ending the day on a positive note. – Aug 29, 2022
