Bursa Closes Higher On Expectations Of Budget 2024

Bursa Malaysia finished higher on Thursday, tracking the strong regional market performance, with buying interest mainly in banking and telecommunication stocks, ahead of the tabling of Budget 2024 on Friday.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 7.33 points to 1,443.82 from Wednesday’s close of 1,436.49.

The index, which opened 1.47 points better at 1,437.96, moved between 1,437.96 and 1,446.06 throughout the day.

On the broader market, gainers outpaced decliners 587 to 341, while 439 counters were unchanged, 988 untraded and 11 others suspended.

Turnover increased to 3.38 billion units worth RM2.03 billion from 3.01 billion units worth RM2.18 billion on Wednesday.

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