Late buying in telecommunications and media as well as financial services counters lifted Bursa Malaysia to end at its intraday high on Friday (Jan 20), breaking the 1,500 psychological level last seen in November last year, said a dealer.
The FTSE Bursa Malaysia KLCI (FBM KLCI) last touched the 1,500 level at the close of the trading on Nov 24, 2022 at 1,501.88.
At 5pm on Friday, the benchmark FBM KLCI gained 4.11 points, or 0.27%, to 1,500.33 from Thursday’s closing of 1,496.22.
The market bellwether opened 0.66 of-a-point better at 1,496.88 and hit the day’s low of 1,495.80 at the midday break.
Market breadth was positive with gainers surpassing losers 501 to 304, while 428 counters were unchanged, 959 untraded, and 10 others suspended.
Turnover slipped to 2.34 billion units worth RM1.71 billion against Thursday’s 2.50 billion units worth RM1.90 billion.
