Earnings optimism, bargain hunting lift FBM KLCI to end in positive territory

BURSA Malaysia’s barometer index ended on a positive note on Tuesday as domestic sentiment was lifted by earnings optimism, while bargain hunters nibbled on heavyweight shares after a recent sell-off.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) bagged 6.54 points to 1,451.72 compared to last Friday’s closing of 1,445.18.

The index opened 0.28 of-a-point easier at 1,444.90, its intraday low, and hit an intraday high of 1,453.99 throughout the day.

On the broader market, gainers edged past losers 489 to 481, while 402 counters were unchanged, 1,007 untraded and nine others suspended.

Turnover narrowed to 3.08 billion units valued at RM1.77 bil from Friday’s 3.19 billion units valued at RM1.61 bil. – Nov 14, 2023

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