Bursa Malaysia ends higher on late buying, CI breaches 1,500 key level

LATE buying in telecommunications and media as well as financial services counters lifted Bursa Malaysia to end at its intraday high Friday, breaking the 1,500 psychological level last seen in November last year, said a dealer.

The FTSE Bursa Malaysia KLCI (FBM KLCI) last touched the 1,500 level at the close of the trading on Nov 24, 2022 at 1,501.88.

At 5pm today, the benchmark FBM KLCI gained 4.11 points, or 0.27%, to 1,500.33 from yesterday’s closing of 1,496.22.

The market bellwether opened 0.66 of-a-point better at 1,496.88 and hit the lowest of 1,495.80 at the midday break.

Market breadth was positive with gainers surpassing losers 501 to 304, while 428 counters were unchanged, 959 untraded, and 10 others suspended.

Turnover slipped to 2.34 billion units worth RM1.71 bil against Thursday’s 2.50 billion units worth RM1.90 bil. – Jan 20, 2023

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