BURSA Malaysia rebounded to close marginally higher for the fourth consecutive day this week, lifted by last-minute buying in index-linked banking counters.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) reversed early losses and eked out a small gain of 0.54 of-a-point to close at 1,594.44 versus 1,593.90 at Thursday’s close.
The index opened 8.73 points lower at 1,585.17 and moved between 1,580.78 and 1,594.62 throughout the day.
Market breadth, however, remained negative with losers outnumbering gainers 577 to 472, while 442 counters were unchanged, 697 untraded and 73 others suspended.
On the broader market, buying momentum was strong with total volume increasing to 8.82 billion units worth RM4.19 bil from 8.61 billion units worth RM7.33 bil yesterday. – May 28, 2021
