BURSA Malaysia recouped earlier losses to close higher today, in sync with the upbeat performance in regional bourses as market sentiment turned positive, fuelling investors’ risk appetite.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.7 points to end at its intraday high of 1,428.04 compared with 1,424.34 at Wednesday’s (May 17) close.
The barometer index opened 0.40 of-a-point higher at 1,424.74 this morning and thereafter hit an intraday low of 1,421.92.
The FBM KLCI was mainly driven by gains in PPB Group, MR D.I.Y and IOI Corporation.
PPB surged 38 sen or 2.34 per cent to RM16.34, MR D.I.Y climbed three sen or 1.92% to RM1.59 and IOI Corporation edged up four sen or 1.01% to RM4.00. — May 18, 2023
