FBM KLCI pares early gains but ends modestly higher

PERSISTENT buying in selected technology as well as consumer products and services counters managed to keep Bursa Malaysia in the positive territory, despite weaker sentiment on most regional bourses, dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.31 points or 0.34% to 1,580.62, from yesterday’s close of 1,575.31.

The index opened 9.75 points higher at 1,585.06 and moved between 1,580.37 and 1,593.08 throughout the day.
On the broader market, gainers led losers 600 to 538, while 455 counters were unchanged, 560 untraded and 61 others suspended.

Total volume was weaker at 5.63 billion units worth RM4.98 bil compared with 5.93 billion units worth RM4.73 bil on Tuesday. – Jan 27, 2021

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