Bursa Snaps Five-Day Losing Streak On Bargain Hunting

Bursa Malaysia snapped a five-day losing streak to close higher on Tuesday (May 16), in tandem with the uptrend in regional bourses, buoyed by bargain hunting for selected heavyweights.

At 5pm, the FBM KLCI had risen 6.13 points to 1,423.50, from 1,417.37 at Monday’s close.

The barometer index, which opened 0.55 of a point better at 1,417.92 on Tuesday morning, fluctuated in the positive zone throughout the day, and hit a high of 1,426.12 at one point.

Market breadth was positive, with advancers outpacing decliners 428 to 361, while 432 counters were unchanged, 1,021 untraded, and 23 others suspended.

Turnover decreased marginally to 2.57 billion units valued at RM1.51 billion, from 2.66 billion units worth RM1.41 billion on Monday.

Previous articleRenault’s 100% EV Launched, Starting At RM165,000
Next articlePassport Application To Be Fully Online In Klang Valley From June 1

LEAVE A REPLY

Please enter your comment!
Please enter your name here