BURSA Malaysia closed higher today as bargain hunting stepped in after yesterday’s decline, while investors shrugged off the overall regional market weakness, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.54% or 8.81 points to 1,641.44 from Wednesday’s close of 1,632.63.
The benchmark index, which opened 1.84 points higher at 1,634.47, fluctuated between 1,633.72 and 1,642.93 during the trading session.
Market breadth was positive, with advancers outpacing decliners by 634 to 391. A total of 492 counters remained unchanged, 976 were untraded, and 18 were suspended.
Turnover narrowed to 2.68 billion units valued at RM2.45 bil versus 2.79 billion units worth RM3.16 bil on Wednesday. – Oct 17, 2024
