BURSA Malaysia ended at an intraday high of 1,493.42 as the reopening of China’s border has bolstered the outlook for global economy, with sustained buying interest seen in selected heavyweight counters led by transportation and logistics stocks, said a dealer.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 12.87 points or 0.86 per cent from Friday’s close of 1,480.55.
The market bellwether opened 4.01 points stronger at 1,484.56.
Market breadth also stayed positive with advancers outpacing decliners 589 to 377, while 358 counters were unchanged, 886 untraded, and 19 others suspended.
Turnover added to 3.18 billion units worth RM1.92 bil against Friday’s 3.16 billion units worth RM1.62 bil. – Jan 9, 2023