Bursa bucks regional downtrend

KUALA LUMPUR: Bursa Malaysia ended on a firmer word with robust shopping for help in chosen heavyweights, led by plantation and banking shares.

At 5 pm, the benchmark FBM KLCI was 7.93 factors larger at 1,604.72 in contrast with Tuesday’s shut of 1,596.79.

The important thing index opened 0.67 of-a-point simpler at 1,596.12 and moved between 1,595.19 and 1,605.50 all through the day.

On the broader market, gainers thumped decliners 601 to 435, whereas 405 counters have been unchanged, 795 untraded and 13 others suspended.

Complete turnover decreased to three.43 billion models price RM2.47bil from 3.87 billion models price RM2.37bil on Tuesday.

A supplier famous that Bursa Malaysia had remained upbeat for the remainder of the day, bucking the downtrend amongst regional friends.

Key Asian markets took their cue from the weaker Wall Avenue after the USA Federal Reserve reiterated its extra aggressive strategy in tightening its financial coverage to tame inflation amid the unresolved Russia-Ukraine battle. — Bernama


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