FBM KLCI rebounds to end higher but market breadth stays negative

BURSA Malaysia’s benchmark index ended 1.27% firmer today as investors’ optimism was uplifted by Bank Negara Malaysia’s (BNM) move to maintain the Overnight Policy Rate (OPR), a dealer said.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) strengthened 20.44 points to 1,618.54 from 1,598.10 at yesterday’s close.

The barometer index, which opened 10.59 points higher at 1,608.69, moved between 1,600.18 and 1,618.54 throughout the trading session.

However, on the broader market, losers thumped gainers 530 to 433, while 408 counters were unchanged, 869 untraded, and 10 others suspended.

Turnover improved to 3.43 billion units valued at RM3.76 bil from Wednesday’s 3.23 billion units valued at RM3.68 bil. – March 3, 2022

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