Bursa Malaysia extends gains to end higher on Friday

BURSA Malaysia extended yesterday’s gains to end the week higher today supported by the local institutions, despite the weak regional market sentiment, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.43% or 6.33 points to 1,474.68 from Thursday’s closing of 1,468.35.

The market bellwether, which opened 0.81 of-a-point better at 1,469.16, moved between 1,460.57 and 1,474.87 throughout the day.

On the broader market, losers led gainers 430 to 393, while 416 counters were unchanged, 1,030 untraded and 13 others suspended.

Turnover was reduced to 2.12 billion units worth RM1.23 bil versus 2.50 billion units worth RM1.33 bil on Thursday (Dec 22). — Dec 23, 2022

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