Bursa Malaysia recoups earlier losses to end marginally higher on Friday

BURSA Malaysia recouped earlier losses to close marginally higher today, lifted by late buying in utilities and technology counters, in line with the upbeat performance in most regional bourses.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.50 of-a-point to close at 1,402.98 compared with 1,402.48 at Thursday’s (May 25) close.

The barometer index opened 0.45 of-a-point firmer at 1,402.93 this morning and moved between 1,397.98 and 1,405.45 throughout the day.

However, the broader market remained negative with decliners beating advancers 433 to 403, while 398 counters were unchanged, 1,042 untraded and 26 others suspended.

Turnover rose to 2.44 billion units worth RM2.28 bil from 2.36 billion units worth RM1.63 bil on Thursday. — May 26, 2023

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