HIGHER ON CONSISTENT BUYING
BURSA Malaysia closed higher yesterday on consistent buying in local counters, namely construction, technology and finance, a dealer said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 8.06 points to close at 1,745.20 from 1,737.14 on Thursday.
The index moved between 1,739.65 and 1,752.10 with gainers outpacing losers 590 to 369.
Volume rose to 4.98 billion units worth RM5.04 billion from 3.41 billion units valued at RM3.62 billion on Thursday.
Maybank Investment Bank remiser Jeffry Azizi said the volume and value recorded yesterday was an all-time high for Bursa Malaysia, driven mainly by the recent 25 points interest rate hike by the US Federal Reserve.
Among the heavyweights, Maybank rose five sen to RM8.90 and ublic Bank jumped 30 sen to RM20.18. Bernama