Bursa Malaysia recoups early losses to end higher on bargain hunting

BURSA Malaysia recouped early losses to end in the positive territory today as bargain-hunting emerged in selected heavyweights in utilities, consumer products and services, as well as industrial products and services counters.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.84 points to 1,488.80 from yesterday’s (Nov 29) closing of 1,476.96.

The market bellwether opened 0.74 of-a-point lower at 1,476.22, and moved between 1,464.81 and 1,489.78 throughout the day.

Market breadth was positive with gainers leading losers 524 to 468, while 381 counters were unchanged, 917 untraded, and 67 others suspended.

Turnover expanded to 4.71 billion units worth RM4.41 bil versus 3.40 billion units worth RM2.47 bil yesterday. — Nov 30, 2022

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