KUALA LUMPUR: Bursa Malaysia rose 0.71% to end at the day’s high on the back of improving local sentiment and selective buying in index-linked counters following the recent pullback.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 12.33 points to 1,729.60 from yesterday’s close of 1,717.27.
The benchmark index, which opened 4.13 points higher at 1,721.40, hit a low of 1,714.12 in the mid-morning session before gaining momentum for the rest of the day toward closing.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional markets were mixed as focus remained on the Middle East conflict and upcoming US megacap earnings.
Market breadth was marginally positive, with gainers edging out losers 629 to 626. A total of 530 counters were unchanged, 933 untraded, and 86 suspended.
MORE TO COME
