Late recovery lifts is Bursa Malaysia off its intraday low

LATE recovery lifted the key index of Bursa Malaysia to end off its intraday low today while the overall sentiment remains weak ahead of the long weekend.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.75 points to 1,381.26 from 1,383.01 at yesterday’s (June 1) close, with mild losses in banking counters continuing to contribute to the decline.

The key index opened 2.81 points higher at 1,385.82 this morning to mark its intraday high and thereafter slid to an intraday low of 1,376.78 during the mid-morning session.

The broader market was positive with 568 advancers and 336 decliners, while 412 counters were unchanged, 940 untraded and 27 others suspended.

Turnover expanded to 3.60 billion units worth RM1.94 bil versus 2.94 billion units worth RM1.81 bil on Thursday.   – June 2, 2023

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