BURSA Malaysia picked up momentum in the final hour of trading to close marginally higher, driven by bargain-hunting in energy and telecommunication stocks during the late session, said an analyst.
At 5 pm, the FBM KLCI rose 4.72 points, 0.31 per cent, to its intraday high of 1,507.97 from Tuesday’s close of 1,503.25.
The benchmark index opened 3.85 points higher at 1,507.10 and thereafter slipped to a low of 1,501.11 in the early trade, experienced choppy trading in the afternoon session before trending upwards towards closing.
Market breadth was, however, slightly negative as decliners outpaced gainers 494 to 442, while 450 counters were unchanged, 953 untraded and 18 suspended.
Turnover slid to 2.40 bil units worth RM2.03 bil compared with Tuesday’s 3.04 bil units valued at RM2.20 bil. —June 4, 2025
