Late buying boosts FBM KLCI, closing on a positive note

THE FTSE Bursa Malaysia KLCI (FBM KLCI) recouped after a weak opening and finished in positive territory thanks to late buying on Dialog, CelcomDigi and Nestle stocks, a dealer said.

At 5pm, the FBM KLCI gained 0.4% or 6.67 points to 1,452.74, the intra-day high, from Wednesday’s (Nov 29) close of 1,446.07.

The benchmark index opened 1.73 points weaker at 1,444.34 and moved between 1,440.62 and 1,452.74 throughout the trading session.

However, market breadth remained negative, with decliners outpacing gainers by 626 to 328, while 419 counters were unchanged, 995 untraded and 63 others suspended.

Turnover expanded to 4.25 billion units worth RM4.97 bil from 3.28 billion units valued at RM2.27 bil on Wednesday. – Nov 30, 2023

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