Bursa Malaysia closed higher on May 22, supported by renewed bargain hunting after several sessions of weakness, with broad-based gains across major indices.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.31 points or 0.25% to 1,712.67, recovering from its close of 1,708.36 on May 21 as selective buying returned to blue-chip counters.
The broader market also advanced, with the FBM 70 up 67.48 points (0.37%) to 18,298.30, the FBM EMAS rising 36.35 points (0.29%) to 12,706.23 and the FBM SHA gaining 75.59 points (0.6%) to 12,644.17, reflecting improved sentiment across mid- and small-cap segments.
Market participation was steady, with trading volume rising to 3.68 billion units worth RM3.58 billion compared to 3.49 billion units worth RM3.7 billion previously, indicating continued but slightly softer value turnover.
Among the most actively traded stocks, Zetrix AI Bhd slipped 2.5 sen to 79.5 sen on heavy volume, while SkyeChip Bhd extended gains, jumping 37 sen to RM2.70 with strong investor interest.
EI Power Bhd rose 7.5 sen to 62.5 sen, while GIIB Holdings Bhd was flat, and Tanco Holdings Bhd added two sen to RM1.72.
Overall, sentiment was cautiously positive, with bargain hunting in selected technology and mid-cap counters helping to offset mixed trading across the broader market.
