BURSA Malaysia continues its uptrend at the close today due to increased interest from retail and repositioning of portfolios by institutional and foreign investors, analysts said.
At 5pm today, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 1.01% or 14.89 points to 1,477.26 from Wednesday’s (Jan 3) close of 1,462.37.
Today’s turnover surged to 6.37 billion units worth RM3.82 bil from 5.63 billion units worth RM3.12 bil yesterday.
Today’s turnover was the highest in over a year, since Nov 24, 2022 when the market recorded 6.86 billion turnover.
The benchmark index opened 0.48 of-a-point higher at 1,462.85 and moved between 1,461.03 and 1,477.56 throughout the trading session.
On the broader market, gainers beat losers 630 to 424, while 444 counters were unchanged, 722 untraded and 16 others suspended. – Jan 4, 2023
