Press metal, PChem lead CI rally on Bursa Malaysia

IMPROVED risk sentiment and bargain hunting in heavyweights led by Press Metal and Petronas Chemicals (PChem) saw Bursa Malaysia’s main index gaining 0.9% at the close.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 12.49 points, or 0.89%, to 1,409.09 compared with Monday’s close of 1,396.60.

The market bellwether, which opened five points higher at 1,401.60, moved between 1,398.42 and 1,409.23 throughout the session.

Market breadth remained mixed with decliners leading gainers by 416 to 410 while 430 counters were unchanged, 1,040 untraded and 24 others suspended.

Turnover, however, shrank to 2.83 billion units worth RM1.51 bil from yesterday’s 3.37 billion units valued at RM1.72 bil. – March 28, 2023

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