Bursa Malaysia ends positive on growing investor confidence on Friday

MALAYSIAN equities ended the week mostly positive, reflecting the growing investor confidence after the temporary halt in the US interest rate increases.

At 5pm,  the FTSE Bursa Malaysia KLCI (FBM KLCI) closed 0.70%, or 10.16 points higher, to 1,449.93 from Thursday’s (Nov 2) closing of 1,439.77.

The benchmark index opened 7.86 points firmer at 1,447.63 and moved between 1,444.79 and 1,453.19 throughout the trading session.

The broader market stayed positive with gainers beating decliners 621 to 309, while 440 counters were unchanged, 981 untraded and 22 suspended.

Turnover increased to 3.60 billion units valued at RM2.02 bil from 3.38 billion units worth RM1.93 bil yesterday. – Nov 3, 2023

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