BURSA Malaysia’s benchmark index continued its uptrend momentum today, breaching the psychological 1,600 level in the process, amid the improving global market sentiment, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased by 0.66% or 10.61 points to 1,606.66 from last Friday’s close of 1,596.05.

The index opened 2.48 points higher at 1,598.53, its day’s low, and hit a high of 1,609.57 in the early morning session.

On the broader market, gainers led losers 646 to 406, with 522 counters unchanged, 868 untraded, and 22 others suspended.

Turnover dropped to 4.01 billion units valued at RM2.931 bil from Friday’s 4.19 billion units worth RM2.93 bil. - Aug 12, 2024

https://focusmalaysia.my/bursa-malaysia-ends-higher-ci-stays-above-key-1600-level/