Bursa Malaysia resumes uptrend, selective heavyweights lift CI

CONTINUOUS buying spree in selective stocks in healthcare, plantation, and telecommunications sectors boosted Bursa Malaysia to end in positive zone after yesterday’s (Oct 25) brief pause.

An analyst attributed the rise in trading to a pre-election rally.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 10.57 points to end at its intraday high of 1,454.98 compared with Tuesday’s close of 1,444.41.

The barometer index opened 3.16 points higher at 1,447.57.

The broader market was also positive with gainers trouncing losers 519 to 354, while 376 counters were unchanged, 1,115 untraded, and 11 others suspended. — Oct 26, 2022

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