Bursa Malaysia extends gains for third day running on upbeat sentiment

BURSA Malaysia extended its gaining streak for a third consecutive day today, supported by persistent buying in heavyweights led by industrial products and services counters, in sync with the positive performance in regional bourses.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 6.60 points, or 0.47%, to 1,398.06 from 1,391.46 at Tuesday’s (July 11) close.

The barometer index opened 1.19 points easier at 1,390.27 this morning and moved to a low of 1,389.94 in the early session and breached the psychological level of 1,400 points when it hit 1,400.05 at mid-afternoon.

The broader market was also positive as gainers beat losers 490 to 347, while 429 counters were unchanged, 992 untraded and 16 others suspended.

Turnover inched down to 2.82 billion units worth RM1.73 bil versus 2.83 billion units worth RM1.86 bil on Tuesday.

Petronas Chemicals and Press Metal were the top contributors to the gains in the key index, rising 20 sen and 9.0 sen each to RM6.34 and RM4.89 respectively, with a combined total of 3.87 points. – July 12, 2023

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