PetChem lifts Bursa Malaysia to close in positive territory

BURSA Malaysia recovered losses to finish higher boosted mainly by Petronas Chemicals.

Overall, mild bargain hunting can be seen across sectors except for healthcare, consumer, telecoms and construction.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 4.26 points to 1,424.61 from yesterday’s close of 1,420.35.

The main index opened 2.54 points lower at 1,417.81 and moved between 1,415.10 and 1,425.37 throughout the session.

Market breadth was positive as gainers beat decliners at 479 to 381, while 395 counters were unchanged, 1,036 untraded and 75 others suspended.

Turnover, however, was lower at 3.31 billion units worth RM1.63 bil versus yesterday’s 3.42 billion units worth RM1.74 bil. – March 30, 2023

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