HIGHER ON CON­SIS­TENT BUY­ING

New Straits Times - - Business -

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

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