Bursa Malaysia ends higher for third straight day ahead of OPR decision

BURSA Malaysia closed higher for the third consecutive day today, buoyed by continuous buying support in the heavyweight counters, especially banking-related stocks, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.92 points to 1,496.11 from Monday’s close of 1,491.19.

The barometer index, which opened 1.37 points better at 1,492.56 this morning, moved between 1,490.2 and 1,500.39 throughout the day.

Mild profit-taking emerged early in the morning session, but the key index retested the 1,500-level at mid-morning and maintained its positive momentum thereafter.

The broader market saw advancers outpacing losers 511 to 470, while 465 counters were unchanged, 826 untraded and 13 others suspended.

Turnover increased to 5.16 billion units valued at RM3.33 bil from 4.79 billion units worth RM3.12 bil on Monday. – Jan 24, 2024

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