Bursa Malaysia ends higher on bargain hunting

BURSA Malaysia ended higher on Tuesday as bargain hunting emerged in selected heavyweights, led by the industrial products and services and plantation counters.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.19 points to 1,548.60 from Friday’s close of 1,544.41.

Bursa Malaysia and its subsidiaries were closed on Monday for the Wesak Day replacement holiday.

The benchmark index, which opened 11.27 points higher at 1,555.68, moved steadily between 1,548.02 and 1,558.11 throughout the day.

On the broader market, gainers surpassed decliners 575 to 424, while 408 counters were unchanged, 848 untraded and 10 others suspended.

Total turnover widened to 5.51 billion units worth RM2.79 bil from 3.17 billion units worth RM2.51 bil last Friday. — May 17, 2022

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