BURSA Malaysia bounced back today to end at a one-month high after the previous session’s sell-off, boosted by gains in heavyweights, amid the upbeat showing in regional peers despite Wall Street’s mixed performance overnight.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) closed at its intraday high of 1,603.05, an increase of 13.10 points or 0.8 per cent, anchored by bargain hunting in banking, telecommunications, plantation, and utility stocks.
The FBM KLCI opened 2.37 points higher at 1,592.32 compared with Monday’s close of 1,589.95.
The broader market, however, remained negative with decliners outpacing gainers 534 to 492, while 480 counters were unchanged, 812 untraded and 10 suspended.
Turnover improved to 3.15 billion units worth RM2.66 bil from 3 bil units worth RM1.85 bil on Monday.—Feb 12, 2025
Main image: New Straits Times
