Bursa Malaysia extends rally for 5th day on Friday

BURSA Malaysia continued its bullish streak to end higher for the fifth straight day today, with the key index remaining above the 1,500-psychological level, thanks to persistent buying support in heavyweights amid the mixed regional market performance.

The FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.18 points to end the week at 1,506.28 from Wednesday’s (Jan 24) close of 1,504.1.

The barometer index, which opened 0.65 of-a-point easier at 1,503.45, moved in a tight range of between 1,502.89 and 1,509.39.

On the broader market, advancers outpaced decliners 580 to 477, while 445 counters were unchanged, 795 untraded and 49 others suspended.

Turnover increased marginally to 4.92 billion units valued at RM3.42 bil from 4.34 billion units worth RM2.88 bil on Wednesday. – Jan 26, 2023


Main photo credit: The Malaysian Reserve

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