BURSA Malaysia ended higher for the fourth consecutive session Friday, with buying mainly in technology and construction stocks, ahead of the release of US jobs report later today, said an analyst.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark FBM KLCI closed in the positive territory as investors continued to bargain hunt for blue chip stocks after the recent sell-off.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.36 per cent, or 5.74 points, to 1,590.91, compared with Thursday’s close of 1,585.17.
The benchmark index, which opened 1.55 points lower at 1,583.62, moved between 1,582.92 and 1,591.49 throughout the trading session.
On the broader market, gainers outpaced decliners 642 to 369, with 478 counters unchanged, 828 untraded and 22 suspended.
Turnover was unchanged at 2.93 bil units but the value rose to RM2.22 bil compared with 2.93 bil units worth RM2.10 bil on Thursday. —Feb 7, 2025
Main image: New Straits Times
