Late buying lifted Bursa Malaysia to end at its intraday high on Friday (June 16), in sync with the upbeat performance of regional bourses, as market sentiment turned positive, fuelling investors’ risk appetite.
At 5pm, the FBM KLCI had risen 6.88 points, or 0.50%, to end at 1,388.61, from 1,381.73 at Thursday’s close. The barometer index opened 0.69 of a point firmer at 1,382.42 on Friday morning, and thereafter hit an intraday low of 1,373.15 during the mid-morning session.
However, market breadth was negative, as decliners outpaced gainers 451 to 397, while 462 counters were unchanged, 974 untraded, and 25 others suspended. Turnover increased to 3.54 billion units worth RM3.25 billion, versus 3.48 billion units worth RM1.80 billion on Thursday.
