Bursa Malaysia rallies to end at intraday high, CI up 0.79%

BURSA Malaysia’s key index rallied to close higher for a third straight session today on continuous foreign buying support mainly in banking stocks.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.79% or 11.17 points to settle at its intraday high of 1,424.69 from 1,413.52 at Friday’s close.

The market bellwether opened 0.84 of-a-point lower at 1,412.68 this morning and hit a low of 1,412.38 in the early session, before gaining momentum to move in an upward trajectory towards closing.

However, the broader market was negative as decliners outpaced advancers 568 to 368, while 399 counters were unchanged, 958 untraded and 16 others suspended.

Turnover stood at 3.29 billion units worth RM1.78 bil. – July 24, 2023

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