BURSA Malaysia staged a mild recovery on Wednesday as investors took some profits, but the continuous buying support in selected heavyweight counters managed to push the key index onto positive territory at the close.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.84 of a point to 1,424.34 from 1,423.50 at Tuesday’s (May 16) close.
The barometer index, which opened 1.49 points lower at 1,422.01 this morning, fluctuated between 1,421.34 and 1,427.40 throughout the day.
The FBM KLCI was mainly driven by gains in Sime Darby Plantations and Petronas Dagangan, with a combined contribution of 3.178 points.
Sime Darby Plantations surged 17 sen or 3.86% to RM4.58 while Petronas Dagangan soared 76 sen or 3.48% to RM22.60. — May 17, 2023
