KUALA LUMPUR: Bursa Malaysia’s key index has extended its rebound for a second consecutive day, closing more than 1% higher, as investor sentiment remains buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters.
At 5pm yesterday, the FBM KLCI rose by 18.6 points, or 1.1%, to 1,709.99 from Monday’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 1,711.2 throughout the session. Market breadth was positive, with gainers outpacing losers 600 to 552, while 566 counters were unchanged, 991 untraded and 25 suspended.
Turnover declined to 3.93 billion units worth RM3.45bil from 5.02 billion units worth RM3.91bil on Monday. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan told Bernama the benchmark index built on the previous day’s strong momentum, supported by renewed foreign buying and easing geopolitical concerns.
