Bursa Malaysia snaps 3-day losing streak on 2022 GDP

THE FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded on Friday, snapping a three-day losing streak as market participants cheered the slightly better-than-expected 2022 gross domestic product (GDP) data, a dealer said.

At 5pm, the benchmark FBM KLCI gained 9.95 points, or 0.68%, to 1,474.59 compared with Thursday’s (Feb 9) close of 1,464.64.

The key index opened 0.41 points better at 1,465.05 and moved between 1,463.31 to 1,476.03 throughout the session.

However, the market breadth was negative as decliners thumped gainers 540 to 403, while 403 counters were unchanged, 828 untraded and 18 others suspended.

Turnover increased to 4.08 billion units worth RM2.5 bil against Thursday’s 3.57 billion units worth RM2.19 bil. — Feb 10, 2023

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