FBM KLCI ends at intraday high with boost from foreign buying on Thursday

BURSA Malaysia closed higher on Wednesday, with the key index ending at its intraday high on the back of foreign buying support particularly in the heavyweights, despite a gloomy external environment.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 11.03 points to 1,462.03 from 1,451.00 at Tuesday’s (Aug 8) close.

The barometer index opened 0.70 of-a-point lower at 1,450.3 and hit a low of 1,446.71 in the morning session. The momentum, however, reversed during mid-afternoon and continued building up thereafter.

On the broader market, gainers beat losers 430 to 417, while 449 counters were unchanged, 994 untraded and 16 others suspended.

Turnover stood at 3.17 billion units worth RM2.19 bil from 3.17 billion units worth RM1.71 bil yesterday, reflecting the domination of heavyweights in today’s trading. – Aug 9, 2023

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