Bursa Malaysia extends yesterday’s gains to end at intraday high on Wednesday

BURSA Malaysia extends yesterday’s (Oct 17) gains to end at an intraday high today, after recouping earlier losses.

However, the broader market was negative with decliners trumping gainers 616 to 265, while 438 counters were unchanged, 1,031 untraded and 10 suspended.

Regional bourses were mixed after China registered better-than-expected third-quarter gross domestic product at 4.9%, while the Middle East conflict continues to weigh on sentiment, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose  2.41 points to end at an intraday high of 1,446.54 from Tuesday’s closing of 1,444.13.

The index, which opened 0.90 of-a-point easier at 1,443.23, hit a low of 1,441.06 in the mid-morning session before gaining momentum to move upwards in late session.

Turnover increased to 3.41 billion units worth RM2.71 bil from 2.67 billion units worth RM1.92 bil on Tuesday. – Oct 18, 2023

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