KUALA LUMPUR: Bursa Malaysia ended modestly higher today on bargain hunting, extending its recovery from last week’s pullback, although the upside momentum faded after an early peak, said an economist.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.38 points, or 0.42%, to 1,748.26 from last Friday’s close of 1,740.88.
The market bellwether opened 15.21 points higher at 1,756.09 and subsequently hit an intraday high of 1,757.51 in early trade before slipping to its day’s low of 1,742.68 during the mid-morning session.
In the broader market, losers outpaced gainers 427 to 279, some 1,143 counters were unchanged, 841 counters were untraded and 62 were suspended.
Turnover improved to 2.83 billion shares valued at RM2.95 billion from last Friday’s 2.73 billion shares valued at RM3.43 billion.
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