BURSA Malaysia continued its uptrend to close above the 1,600 psychological level today, driven by positive investor sentiment and persistent optimism on the likelihood of a global interest rate cut, a dealer said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.52 per cent or 8.29 points to 1,605.68 from Monday’s close of 1,597.39.
The barometer index, which opened 3.46 points higher at 1,600.85, moved between 1,600.66 in the early session and reached a high of 1,610.32 during the afternoon session.
On the broader market, gainers outpaced decliners 655 to 448, while 484 counters were unchanged, 726 untraded and 14 others suspended. – May 7, 2024
