Bursa Malaysia closed higher at midday on Friday, tracking global optimism, after US stocks ended firmer on Thursday, with the Dow Jones Industrial Average notching its second straight record high close, with expectations that US borrowing rates will fall next year following the Federal Reserve’s dovish pivot.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) improved 4.76 points to 1,461.02 compared with 1,456.26 chalked up at Thursday’s close.
The FBM KLCI opened 0.31 of a point weaker at 1,455.95, and moved between 1,455.69 and 1,461.54 throughout the session.
On the broader market, gainers thumped losers 432 to 368, while 425 counters were unchanged, 1,113 untraded and 45 others suspended.
Turnover stood at 2.20 billion units valued at RM1.33 billion, Bernama reported.
