Bursa ends higher on improved sentiment

Bursa Malaysia ends higher on improved sentiment FMTNews FMTBusiness

KUALA LUMPUR: Bursa Malaysia recouped last week’s losses to close in the positive territory in line with the strong performance of regional peers amidst improved regional market sentiment, an analyst said.The market bellwether opened 0.72 of a point higher at 1,451.07 and hit its intraday high at 1,464.70.

On the domestic front, he is optimistic about the mid-term outlook of the market given the improvement in the local market sentiment and foreign support but investors may stay alert on the increasing market volatility and external uncertainties. Among the heavyweights, Maybank, Public Bank and Tenaga Nasional increased 3 sen each to RM9.02, RM4.17 and RM9.60, CIMB added 5 sen to RM5.55 and Petronas Chemicals went up 10 sen to RM6.95.

The Main Market volume widened to 2.32 billion units valued at RM2.24 billion from 2.07 billion units valued at RM1.69 billion last week.

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