Bursa Malaysia soars 1.40 pct at close in sync with regional peers

BURSA Malaysia ended broadly higher on Monday due to bargain-hunting in banking stocks following the selldown last Friday, in tandem with the upbeat performance in regional peers.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 19.21 points, or 1.40 per cent, to 1,395.89 from 1,376.68 at Friday’s close.

The key index opened 2.71 points better at 1,379.39 this morning and moved between 1,379.31 and 1,397.37 throughout the session.

The broader market was also positive as gainers trounced losers 513 to 343, while 420 counters were unchanged, 982 untraded and 40 others suspended.

Turnover narrowed to 2.61 billion units worth RM1.50 bil versus 2.65 billion units worth RM2.03 bil on Friday. – July 3, 2023

Subscribe and get top news delivered to your Inbox everyday for FREE