Bursa Malaysia ends week on positive note, CI at intraday high on Friday

BURSA Malaysia closed the week on a positive note as the key index settled at its intraday high today, despite the weaker performance in most regional markets, with buying mainly focused on utilities as well as financial services stocks.

YTL Power International increased 31 sen to RM3.68, YTL Corporation added 12 sen to RM2.36 and Maybank rose six sen to RM9.06. These stocks lifted the composite index by a combined 7.53 points.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.34 points to 1,487.34 from Thursday’s (Jan 11) close of 1,483.00.

The benchmark index opened 0.24 of-a-point firmer at 1,483.24 this morning and hit an intraday low of 1,482.02 in the mid-morning session.

In the broader market, gainers beat decliners 492 to 486, while 445 counters were unchanged, 796 untraded and 29 others suspended.

Turnover declined to 4.08 billion units worth RM2.84 bil from 4.64 billion units worth RM3 bil on Thursday. – Jan 12, 2023

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