Bursa Malaysia key index rises 0.6% to two-year high

BURSA Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.84 points to 1,571.48 from Tuesday’s close of 1,561.64.

The benchmark index, which opened 3.85 points higher at 1,565.49, moved between 1,564.89 and 1,571.04 throughout the trading session.

On the broader market, gainers surpassed decliners 777 to 327 while 480 counters were unchanged, 780 untraded and 21 others suspended.

Turnover improved to 4.25 billion units worth RM3.03 bil from 3.73 billion units worth RM2.79 bil on Tuesday. – April 24, 2024

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