BURSA Malaysia snapped a five-day losing streak to close higher today in tandem with the uptrend in regional bourses, buoyed by bargain hunting in selected heavyweights.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.13 points to 1,423.50 from 1,417.37 at Monday’s close.
The barometer index which opened 0.55 of a point better at 1,417.92 this morning fluctuated in the positive zone throughout the session and hit a high of 1,426.12 at one point.
Gains in Tenaga Nasional and Petronas Chemicals lifted the FBM KLCI by a combined 3.174 points. Tenaga surged 21 sen or 2.21% to RM9.73 while Petronas Chemicals rose nine sen or 1.29 per cent to RM7.07.
The market breadth was positive with gainers outpacing losers 428 to 361 while 432 counters were unchanged, 1,021 untraded and 23 others suspended.
Turnover decreased marginally to 2.57 billion units valued at RM1.51 bil from 2.66 billion units worth RM1.41 bill on Monday. – May 16, 2023
