Investor sentiment remained buoyant amid improving regional market conditions, says analyst.Investor sentiment remained buoyant amid improving regional market conditions, says analyst.
Bursa closes higher on heavyweight stock buying
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KUALA LUMPUR: Bursa Malaysia’s key index extended its rebound for a second consecutive day, closing more than 1% higher as investor sentiment remained buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 18.60 points, or 1.10%, to 1,709.99 from yesterday’s close of 1,691.39.
The key index opened 0.07 of a point weaker at 1,691.32 and moved between 1,685.57 and 1,711.20 throughout the session.
Market breadth was positive, with gainers outpacing losers 600 to 552, while 566 counters were unchanged, 991 untraded and 25 suspended.
MORE TO COME
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