Bursa Closes Slightly Higher On Late Buying In Telecommunications, Banking Stocks

Bursa Malaysia ended the week marginally higher today due to late buying, particularly in telecommunications and banking stocks, a dealer said.

At 5pm, the FBM KLCI improved 0.25% or 3.64 points to 1,456.38 from Thursday’s (Nov 30) close of 1,452.74.

The benchmark index opened 0.74 of-a-point lower at 1,452.0 and moved between 1,450.09 and 1,456.52 throughout the trading session.

However, market breadth was negative, with decliners leading gainers by 467 to 432, while 435 counters were unchanged, 988 untraded and 27 others suspended.

Turnover shrank to 3.23 billion units worth RM2.26 bil from 4.25 billion units worth RM4.97 bil on Thursday, Bernama reported.

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