Bursa Malaysia wrapped up Monday’s trading session on a positive note, propelled by robust purchasing activity from foreign funds coupled with steady backing from local institutions.
The FTSE Bursa Malaysia KLCI (FBM KLCI) surged by 7.50 points, closing at 1,582.66, marking an uptick from Friday’s closure of 1,575.16. The benchmark index commenced the day 1.14 points higher at 1,576.30, maintaining a trading range between 1,575.0 and 1,583.34 throughout the session.
In a broader market overview, gainers outpaced decliners, with 561 counters registering gains compared to 403 in decline. Meanwhile, 616 counters remained unchanged, with 793 counters untraded and 112 others suspended.
Market analysts attributed the bullish performance to the significant influx of foreign funds and the unwavering support from local institutional investors, underscoring renewed investor confidence in the Malaysian equities market.
Investors remain cautiously optimistic amid ongoing global economic uncertainties, keeping a close watch on geopolitical developments and central bank policies for further market cues.
