Bursa Continues Bullish Streak For Fifth Day

Bursa Malaysia continued its bullish streak to end higher for the fifth straight day on Friday, with the key index remaining above the 1,500-psychological level, thanks to persistent buying support in heavyweights amid the mixed regional market performance.

The FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.18 points to end the week at 1,506.28 from Wednesday’s (Jan 26) close of 1,504.1.

The barometer index, which opened 0.65 of a point easier at 1,503.45, moved in a tight range of between 1,502.89 and 1,509.39.

On the broader market, advancers outpaced decliners 580 to 477, while 445 counters were unchanged, 795 untraded and 49 others suspended.

Turnover increased marginally to 4.92 billion units valued at RM3.42 billion from 4.34 billion units worth RM2.88 billion on Wednesday, Bernama reported.

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