BURSA Malaysia ended the week on a firm note, hitting an intraday high convincingly above the 1,400-level Friday, as upbeat investor sentiment lifted buying momentum despite the mixed performance in regional bourses, a dealer said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.49% or 6.83 points to 1,413.52 from 1,406.69 at yesterday’s close.
The barometer index opened 0.79 of-a-point better at 1,407.48 and hit a low of 1,405.64 in the morning session, before moving in an upward trajectory during the late trading hours.
However, the broader market was negative as decliners beat gainers 487 to 430, while 426 counters were unchanged, 951 untraded and 15 others suspended. – July 21, 2023
