Bursa edges up in sync with regional peers

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Bursa edges up in sync with regional peers
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Bursa Malaysia edges up in sync with regional peers FMTNews FMTBusiness

KUALA LUMPUR: Bursa Malaysia closed mixed today, with the key index moving in a tight range, in tandem with regional peers.

The market breadth was negative as decliners led gainers 405 to 395, while 396 counters were unchanged, 1,021 untraded and 13 others suspended.Region-wise, Japan’s Nikkei 225 rose 0.42% to 27,633.66, South Korea’s Kospi gained 0.87% to 2,512.08, Singapore’s Straits Times Index fell 0.18% to 3,294.43, while China’s SSE Composite Index went down 0.37% to 3,315.36.

“Furthermore, buying support from foreign funds was rather apparent, hence, we reckon the index to show a more positive performance and expect it to hover between the 1,425 and 1,440 range for the week,” he told Bernama. As for the actives, Top Glove advanced 8 sen to RM1.15, Aimflex rose half-a-sen to 17.5 sen, Zen Tech and BSL Corp were both flat at 2.5 sen and 5 sen respectively, while Fitters Diversified lost 2 sen to 5 sen.

The Main Market volume improved to 2.08 billion units worth RM1.23 billion from 1.74 billion units worth RM1.23 billion on Friday last week.

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