FBM KLCI rides on utility stocks to end higher amid softer broad market on Friday

THE FBM KLCI continued its upward momentum to close in positive territory despite the overall broad selling as investors continued to book profits in companies that reported stronger-than-expected numbers in the ongoing earnings season.

At 5pm, the FTSE Bursa Malaysia KLCI bagged 3.62 points to 1,549.11 from Thursday’s (Feb 22) close of 1,545.49, with utility counters YTL Corp, YTL Power and Tenaga Nasional propelling the uptrend.

The benchmark index opened 0.86 of-a-point higher at 1,546.35 and moved between 1,544.18 and 1,551.15 throughout the session.

Losers outpaced gainers 613 to 448, while 458 counters were unchanged, 795 untraded and 36 others suspended. – Feb 23, 2024

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