Bursa Malaysia closes higher on strong buying, positive sensitive on Friday

BURSA Malaysia maintained its uptrend to close higher today, supported by persistent buying in most heavyweights, led by telecommunications and media as well as financial services counters in line with positive sentiment from regional bourses.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 15.86 points, or 1.14%, to 1,412.09 from 1,396.23 at Thursday’s (July 13) close.

The barometer index opened 3.30 points better at 1,399.53 this morning and moved between 1,399.39 and 1,414.22 throughout the session.

The broader market was positive as gainers beat losers 650 to 289, while 423 counters were unchanged, 895 untraded and 14 others suspended.

Turnover rose to 4.0 billion units worth RM2.67 bil versus 2.93 billion units worth RM1.78 bil on Thursday.

CelcomDigi and Public Bank were the top contributors to the gain in the key index, rising 12 sen and 7.0 sen each to RM4.31 and RM3.99 respectively, with a combined total of 4.57 points. – July 14, 2023


Main photo credit: The Malaysian Reserve

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