BURSA Malaysia closed off its intraday high but remained firmly above the 1,400-level today as bargain hunting activities emerged following the recent sell-off despite the weaker performance in regional bourses, a dealer said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.26% or 3.66 points to 1,406.69 from 1,403.03 at Tuesday’s (July 19) close.
The barometer index opened 1.54 points firmer at 1,404.57 and hit a low of 1,402.71 in the morning trade and a high of 1,409.34 during the mid-morning session.
The broader market was positive as gainers beat decliners 469 to 444, while 413 counters were unchanged, 960 untraded and 14 others suspended. – July 20, 2023
Main photo credit: The Malaysian Reserve
