Bursa Closes Higher On Bargain Hunting, Led By Banking Stocks

Bursa Malaysia closed higher on Tuesday (May 2) due to bargain hunting, led by banking, gaming, and oil and gas stocks. 

At 5pm, the FBM KLCI had risen 0.72%, or 10.16 points, to 1,426.11, from last Friday’s close at 1,415.95.

The index opened 0.26 of a point better at 1,416.21, and moved between 1,415.92 and 1,428.32 throughout the day.

Market breadth was positive, with gainers outnumbering decliners 433 to 403, while 397 counters were unchanged, 1,006 untraded, and 18 others suspended.

Turnover rose to 2.90 billion units valued at RM1.52 billion, from 2.64 billion units worth RM1.48 billion last Friday.

The market was closed on Monday for Labour Day.

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