Bursa Malaysia ends higher on bargain hunting activities on Wednesday

BURSA Malaysia closed higher today on the back of bargain hunting activities with more than two-thirds of the key index components advancing, driven by the calmer market conditions on Wall Street overnight, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 6.86 points to 1,442.51 from Tuesday’s (Oct 24) closing of 1,435.65.

The index, which opened 2.32 points higher at 1,437.97, moved between 1,437.82 and 1,444.53 throughout the day.

Likewise, on the broader market, gainers beat decliners 447 to 360, while 459 counters were unchanged, 1,102 untraded and 20 suspended.

Turnover decreased to 2.83 billion units worth RM1.78 bil from 2.93 billion units worth RM1.94 bil on Tuesday. – Oct 25, 2023

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