Bursa Malaysia ends higher in anticipation of Budget 2024

BURSA Malaysia finished higher today, tracking the strong regional market performance, with buying interest mainly in banking and telecommunication stocks, ahead of the tabling of Budget 2024 tomorrow (Oct 13).

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 7.33 points to 1,443.82 from Wednesday’s (Oct 11) close of 1,436.49.

The index, which opened 1.47 points better at 1,437.96, moved between 1,437.96 and 1,446.06 throughout the day.

On the broader market, gainers outpaced decliners 587 to 341, while 439 counters were unchanged, 988 untraded and 11 others suspended.

Turnover increased to 3.38 billion units worth RM2.03 bil from 3.01 billion units worth RM2.18 bil on Wednesday. – Oct 12, 2023

Subscribe and get top news delivered to your Inbox everyday for FREE