Bursa Malaysia up on strong buying momentum, CI highest in almost a year on Friday

BURSA Malaysia continues its upward trajectory today to end at its highest level in almost a year on strong buying in heavyweights led by YTL Corporation and YTL Power International, said an analyst.

The key regional indices also ended higher as bargain hunting emerged following the recent sell-off with a focus on financial stocks.

At 5pm today, the FTSE Bursa Malaysia KLCI (FBM KLCI) soared 0.70% or 10.35 points to settle at its intraday high of 1,487.61 from Thursday’s (Jan 4) close of 1,477.26.

The benchmark index opened 0.37 of-a-point lower at 1,476.89 and reached a low of 1,476.85 in the early morning session before gaining steam to trend upwards throughout the rest of the day.

On the broader market, gainers trounced losers 745 to 351, while 417 counters were unchanged, 707 untraded and 17 others suspended.

Today’s turnover hit another high in over a year at 6.62 billion units worth RM3.72 bil compared with 6.37 billion units valued at RM3.82 bil yesterday. – Jan 5, 2023


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