Strong rally pushes FBM KLCI to end at intraday high

BURSA Malaysia staged a strong rally to end higher for a fifth consecutive day today, pushing the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to an intraday high due to strong market sentiment.

At 5pm, the FBM KLCI rose 0.87 per cent or 12.5 points to settle at its intraday high of 1,449.29 from 1,436.79 at yesterday’s close.

The market bellwether opened 0.09 of-a-point lower at 1,436.70 this morning and hit a low of 1,436.70 in the early session, before gaining momentum to move in an upward trajectory towards closing.

The broader market was also positive as advancers beat decliners 488 to 450, while 443 counters were unchanged, 912 untraded and 13 others suspended.

Turnover stood at 4.25 billion units worth RM2.46 bil. – July 26, 2023

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