Late buying lifts FBM KLCI to 2-month high on Wednesday

BURSA Malaysia jumped to a two-month high today as last-minute buying in mainly telecommunications and financial heavyweights helped the barometer index to recoup earlier losses.

Selective buying was also seen in several other sectors with the plantation and industrial products and services indices swinging back to green.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at its intra-day high of 1,480.11, up 5.42 points from Tuesday’s (Dec 27) closing of 1,474.69.

The market bellwether opened 1.14 points lower at 1,473.55 and touched an intra-day low of 1,461.18 today. — Dec 28, 2022

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