Energy counters lift FBM KLCI to end higher

The FTSE Bursa Malaysia KLCI (FBM KLCI) ended in positive territory driven by energy-related stocks amid the stronger oil market due to tensions in the Middle East.

At 5pm, the barometer index rose 0.38 of-a-point to 1,417.26 from last Friday’s close of 1,416.88.

The index, which opened 0.18 of-a-point higher at 1,417.06 this morning, moved between 1,415.80 and 1,420.71 during the day.

However, overall market breadth was negative with losers outpacing gainers 500 to 343 while 447 counters were unchanged, 1,020 untraded and nine others suspended.

Turnover strengthened to 2.88 billion units worth RM1.78 bil from 2.86 billion units worth RM2.09 bil last Friday. – Oct 9, 2023

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