FBM KLCI ends at intraday high boosted by banking, utilities stocks

BURSA Malaysia ended in an upbeat mode on Thursday on window dressing in banking, utilities, and plantation counters.

Lower liners under the ACE Market have also put on a steady recovery from earlier losses.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 11.52 points to end at an intra-day high of 1,491.63 from Wednesday’s (Dec 28) closing of 1,480.11.

The market bellwether opened 3.84 points lower at 1,476.27 and hit its lowest of 1,476.27 during the mid-morning session.

Market breadth turned positive with gainers outpacing losers 482 to 398 gainers, while 404 counters were unchanged, 984 untraded, and 63 others suspended. — Dec 29, 2022

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