Bursa rebounded on late buying yesterday

Bursa Malaysia’s benchmark index saw a late-session surge, closing higher after experiencing a midday dip due to weakened sentiment in regional markets influenced by disappointing U.S. consumer confidence data. The FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.01 points, or 0.18%, finishing at 1,673.38, compared to Tuesday’s close of 1,670.37.

Late buying

Opening at 1,674.06, the FBM KLCI fluctuated between a low of 1,665.19 and a high of 1,675.73 throughout the trading day. Despite the index’s recovery, market breadth remained negative, with decliners outpacing gainers by 790 to 397. Additionally, 473 stocks closed unchanged, while 857 were untraded and 18 were suspended. Trading volume increased to 3.59 billion units, valued at RM3.29 billion, up from Tuesday’s 3.51 billion units worth RM3.10 billion.

Table of Contents

Read More LM News

Staff Writer

Recent Posts

Sunreef Yachts and Brabus Unveil The Brabus Ultima 55

A signature BRABUS carbon-fiber design concept defines the exterior, complemented by elegant BRABUS Masterpiece interiors…

2 hours ago

Formula One Return To Bring Revenue Boost

Sepang to host 2026 Bahrain Grand Prix, boosting tourism and business, with Bahrain covering hosting…

3 hours ago

United Asiapac Energy Prices IPO at 35 Sen, Eyes RM48.7m Raise

United Asiapac Energy sets IPO at 35 sen, raising RM48.7m to expand well intervention services…

3 hours ago

Malaysia Edges Closer to High-Income Status

Malaysia nears high-income threshold, focuses on productivity, skills, and fiscal reforms under OECD survey and…

3 hours ago

NESCAFÉ Breaks Record with 4,000 Cups Served in an Hour

NESCAFÉ sets record with 4,000 iced coffees in an hour, celebrating Malaysia’s evolving coffee culture…

3 hours ago

Crude oil price dip eases inflation concerns

Easing crude oil prices, which have slipped below US$89 per barrel, helping to ease inflation…

10 hours ago

This website uses cookies.