BURSA Malaysia surged 1.53% today, with the composite index ending at a 44-month high, driven by positive sentiment bolstered by robust local economic data.
At the close, the FTSE Bursa Malaysia KLCI (KLCI) rose 24.80 points to 1,648.70 from last Friday’s close of 1,623.90.
The FBM KLCI, which led the gains in regional indices, earlier soared to an intraday high of 1,653.35, reaching a level not seen in three years and eight months, when it closed at 1,652.49 on Dec 18, 2020.
The index opened 1.24 points higher at 1,625.14 and hit a low of 1,624.58 in the early morning session.
On the broader market, gainers beat losers 606 to 546, with 463 counters unchanged, 880 untraded, and 22 others suspended.
Turnover increased to 3.89 billion units valued at RM4.30 bil from last Friday’s 3.22 billion units worth RM2.75 bil. – Aug 19, 2024
