BURSA Malaysia snapped three consecutive days of losses to end higher today on bargain-hunting in tandem with the upbeat performance of regional markets as investors raised bets on the US Federal Reserve interest rate cut in September.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.68 points or 0.72% to 1,624.56 from Friday’s close of 1,612.88.
The FBM KLCI opened 4.28 points higher at 1,617.16 and moved between 1,616.35 and 1,625.55 throughout the day.
On the broader market, gainers thumped losers 626 to 455, with 531 counters unchanged, 899 untraded, and 77 others suspended.
Turnover increased to 4.23 billion units worth RM2.89 bil from Friday’s 3.83 billion units worth RM2.70 bil. – July 29, 2024
