Sunday 20 August 2017
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4 months ago

Positive market sentiment drives Bursa Malaysia to end stronger

KUALA LUMPUR: Bursa Malaysia ended the week on a stronger footing today, riding on positive market sentiment that helped lift investors risk appetite globally.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled at an intra-day high of 1,756.06, up 14.44 points or 0.83% from yesterday s close of 1,741.61.

The market barometer, which opened 0.62 of-a-point better at 1,742.23 this morning and touched an intra-day low of 1,742.23 at one point, moved in the positive territory throughout the day.

The upward trajectory, in line with regional bourses, was supported by persistent buying momentum in index-linked counters, small-caps and key heavyweights led by Maybank.

Maybank boosted the composite index by 5.55 points. The stock soared 32 sen to RM9.40 with 41.14 million shares changing hands.

Gains in two other bullish heavyweight performers, Genting Malaysia and CIMB, which rose 39 sen and 11 sen to RM5.98 and RM5.61, respectively, also

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