KLCI Closes 0.9% Higher On Improved Risk Sentiment, Bargain Hunting For Heavyweights

Improved risk sentiment and bargain hunting for heavyweights led by Press Metal Aluminium Holdings Bhd and Petronas Chemicals Group Bhd (PetChem) saw Bursa Malaysia’s main index gaining 0.9% at the close on Tuesday (March 28).

At 5pm, the FBM KLCI had advanced 12.49 points, or 0.89%, to 1,409.09, compared with Monday’s close at 1,396.60.

The market bellwether, which opened five points higher at 1,401.60, moved between 1,398.42 and 1,409.23 throughout the day.

Market breadth remained mixed, with decliners leading gainers by 416 to 410, while 430 counters were unchanged, 1,040 untraded, and 24 others suspended.

Turnover shrank to 2.83 billion units worth RM1.51 billion, from Monday’s 3.37 billion units valued at RM1.72 billion.

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