Bursa Malaysia snaps 8-day losing streak to end higher

BURSA Malaysia snapped eight days of losses to end higher today on mild bargain hunting activities, an analyst said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.99 points to end at 1,397.62 from Friday’s close of 1,394.63.

The benchmark index opened 0.93 of a point easier at 1,393.70 and moved between 1,384.82 and 1,401.82 throughout the day.

Market breadth, however, remained negative with losers leading gainers 530 to 285, while 383 counters remained unchanged, 1,155 untraded, and 31 others suspended.

Total turnover decreased to 1.79 billion units worth RM1.45 bil from 2.08 billion units worth RM1.91 bil last Friday. — Oct 3, 2022s

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