PetChem Lifts KLCI To Close In Positive Territory

Bursa Malaysia recovered losses to finish higher on Thursday (March 30), boosted mainly by Petronas Chemicals Group Bhd (PetChem).

Overall, mild bargain hunting can be seen across sectors except for healthcare, consumer, telecommunications and construction.

At 5pm, the FBM KLCI had gained 4.26 points to 1,424.61, from Wednesday’s close at 1,420.35.

The main index opened 2.54 points lower at 1,417.81, and moved between 1,415.10 and 1,425.37 throughout the day.

Market breadth was positive, as gainers beat decliners at 479 to 381, while 395 counters were unchanged, 1,036 untraded, and 75 others suspended.

Turnover, however, was lower at 3.31 billion units worth RM1.63 billion, versus Wednesday’s 3.42 billion units worth RM1.74 billion.

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