Bursa Malaysia extends rally for 4th day, KLCI ends above 1,600 key level

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Bursa Malaysia News

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KUALA LUMPUR, May 7 — Bursa Malaysia continued its uptrend to close above the 1,600 psychological level today, driven by positive investor sentiment and persistent optimism on...

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The barometer index, which opened 3.46 points higher at 1,600.85, moved between 1,600.66 in the early session and reached a high of 1,610.32 during the afternoon session.On the broader market, gainers outpaced decliners 684 to 455, while 498 counters were unchanged, 676 untraded and 14 others suspended.

“We believe that if the benchmark index is able to stay above the 1,600 level over an extended period, there will be further upside potential,” he told Bernama. Among the heavyweights, Maybank and Public Bank each rose one sen to RM9.84 and RM4.21, CIMB added six sen to RM6.81, Tenaga Nasional increased 10 sen to RM12.48 and IHH Healthcare also perked up one sen to RM6.31.

The FBM 70 Index soared 78.17 points to 16,913.82 but the FBM ACE Index declined 53.02 points to 5,087.89.

 

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