Bursa Malaysia ends higher supported by banking, plantation stocks

BURSA Malaysia closed higher for the second consecutive day today, with the benchmark index ending above the 1,500-psychological level, thanks to persistent buying support in selected heavyweights, especially banking and plantation counters.

The FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.63 of-a-point to end the week at 1,506.19 compared with yesterday’s close of 1,505.56, as gains were limited by mild profit-taking.

The benchmark index, which opened 0.49 of-a-point weaker at 1,505.07 this morning, moved between 1,504.21 and 1,511.80 throughout the trading session.

Market breadth was positive with gainers leading losers 440 to 367, while 442 counters were unchanged, 1,034 untraded, and 24 others suspended.

Total turnover decreased to 2.08 billion units worth RM1.63 bil from 2.55 billion units worth RM1.97 bil yesterday. — Aug 12, 2022

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