THE benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) staged a rebound from last Friday’s losses to close higher today, underpinned by renewed buying interest in banking stocks, in line with the mostly positive regional market performance, said an analyst.
At 5pm, the market bellwether rose 4.79 points or 0.3% to 1,596.20 compared to Friday’s close of 1,591.41.
The index opened 2.69 points higher at 1,594.10 and moved between its intraday low of 1,592.57 and intraday high of 1,601.90 during the morning session, before trending more steadily in the afternoon session.
However, the broader market remained negative towards end of the trading, with decliners outpacing gainers 545 to 390, while 565 counters were unchanged, 933 untraded, and 19 suspended. – Dec 23, 2024
