Bursa Malaysia extends gains for 3rd straight day

BURSA Malaysia extended gains for the third consecutive day today with the key index putting on 0.09 per cent, supported by bargain hunting in selected heavyweights led by financial services and telecommunications stocks, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most of its earlier gains to close at 1,394.67, up 1.22 points, from 1,393.45 at Wednesday’s close.

The market bellwether opened 1.33 points lower at 1,392.12 this morning and moved between 1,391.76 and 1,402.44 throughout the session.

However, the broader market was negative as decliners surpassed gainers 452 to 334, while 422 counters were unchanged, 1,086 untraded and 19 others suspended.

Turnover decreased to 2.16 billion units worth RM1.59 bil versus 3.06 billion units worth RM1.80 bil on Wednesday. – June 22, 2023

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