Bursa Malaysia snaps yesterday’s losses to end higher

BURSA Malaysia reversed yesterday’s (Nov 1) losses to close in the positive territory in line with the strong performance on regional peers on hopes the US Federal Reserve will be less aggressive on the interest rates hike.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ticked up 5.69 points to 1,451.61 from Tuesday’s close of 1,445.92.

The key index, which opened 5.06 points higher at 1,450.98, moved between 1,442.89 and 1,451.92 throughout the day.

The broader market was also positive with gainers beating gainers 487 to 340, while 442 counters were unchanged, 1,049 untraded, and 13 others suspended.

Turnover was marginally lower at 2.49 billion units valued at RM1.78 bil versus 2.98 billion units valued at RM1.56 bil on Tuesday. — Nov 2, 2022

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