Bursa Malaysia ends at intraday high, KLCI bounces 1.15pc

KUALA LUMPUR, Aug 4 — Bursa Malaysia made a strong rebound after two consecutive days of losses to close at its intraday high today, with the key index advancing 1.15 per cent, mainly driven by technology, telecommunications and healthcare counters.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regionally, key indices ended mostly higher following positive cues from Wall Street overnight. “After breaking the 1,500 level, we see the next resistance at 1,530 level, while support is at the 1,460 level,” he told Bernama.

Of the actives, Dagang Nexchange gained 7.0 sen to 88 sen, both PUC and Zen Tech fell half-a-sen each to 2.0 sen and 3.0 sen, respectively, CSH Alliance slid 1.0 sen to 5.0 sen and Metronic went down 2.5 sen to 7.5 sen. The Main Market volume strengthened to 1.73 billion shares worth RM1.63 billion against 1.12 billion shares worth RM1.14 billion yesterday.

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