BURSA Malaysia has snapped its four-day losing streak to end in the green, supported by bargain hunting in selected heavyweight stocks, said a dealer.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 9.58 points to 1,461.10 from Monday’s close of 1,451.52.
The benchmark index opened 2.90 points better at 1,454.42, subsequently moving between 1,454.42 and 1,465.58 throughout the day.
On the broader market, advancers led decliners 414 to 385, while 428 counters were unchanged, 1,139 untraded and nine others suspended.
Total turnover fell to 2.12 billion units worth RM1.65 bil compared with 2.19 billion units worth RM1.76 bil on Monday (Sept 19).
A dealer said the local bourse maintained its positive note throughout the day, buoyed by bargain hunting in selected heavyweights, led by the financial services and telecommunications and media stocks. — Sept 20, 2022
