Bursa Malaysia ends marginally higher on bargain hunting on Friday

BURSA Malaysia ended the week slightly higher as bargain-hunting activities emerged, with buying seen mainly in transportation and logistics stocks, said a dealer.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.30 points to 1,441.90 from Thursday’s (Oct 26) closing of 1,440.60. The benchmark index opened 0.11 of a point better at 1,440.71 and moved between 1,439.33 and 1,444.15 throughout the day.

On the broader market, decliners edged past gainers 430 to 426 while 463 counters were unchanged, 1,073 untraded and 24 suspended.

Turnover shrank to 2.72 billion units worth RM1.69 bil from 3.23 billion units worth RM1.98 bil on Thursday. – Oct 27, 2023

Main photo credit: The Malaysian Reserve