Bursa Malaysia Maintains Positive Momentum, Led by Financial Services, Utilities Stocks

Bursa Malaysia maintained its positive momentum to close higher today supported by persistent buying in selected financial services and utilities counters amid mixed sentiments on the regional stock markets.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.28 points to 1,460.28 from 1,457.0 at Monday’s close.

The barometer index opened 0.14 of-a-point easier at 1,456.86 and moved between 1,456.27 and 1,463.29 throughout the day.

On the broader market, gainers overwhelmed decliners 603 to 369 while 402 counters were unchanged, 966 untraded and 13 others suspended.

Turnover improved to 3.87 billion units worth RM2.12 billion from 3.53 billion units worth RM1.89 billion on Monday.

Public Bank and Tenaga Nasional were the top two contributors towards the local benchmark index uptrend, rising 6.0 sen and 9.0 sen to RM4.21 and RM9.89 respectively, with a combined contribution of 2.77 points.

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