FBM KLCI snaps eight-day losing streak to end in positive territory

THE FTSE Bursa Malaysia KLCI (FBM KLCI) snapped its eight-day losing streak to end in positive territory today, rising by 1.12% as bargain-hunting activities emerged following the heavy sell-down recently, a dealer said.

At 5pm, the barometer index rose 16.45 points to 1,481.28 from Monday’s close of 1,464.83.

The FBM KLCI opened 6.97 points lower at 1,457.86, but turned higher at mid-morning and moved between its year-to-date low of 1,451.18 and 1,481.72 throughout the day.

On the broader market, losers and gainers were neck and neck at 483 to 482, respectively, while 422 counters were unchanged, 876 untraded, and nine others suspended. — June 14, 2022

Leave a Comment