KUALA LUMPUR – Continuous buying support in selected healthcare, industrial products and services counters pushed Bursa Malaysia to end the week on a positive note, with its benchmark index rising 0.58%.
At 5 pm, the benchmark index FBM KLCI improved 9.12 points to 1,587.45 from yesterday’s close of 1,578.33.
The index opened 0.34 of-a-point higher at 1,578.67, and moved between 1,573.40 and 1,590.04 throughout the day.
The overall market breadth was positive as gainers surpassed losers 627 to 426, while 458 counters were unchanged, 667 untraded and 19 others suspended.
Total volume fell to 5.39 billion shares worth RM3.41 billion from 6.20 billion shares worth RM4.6 billion yesterday.
Meanwhile, the ringgit ended higher against the greenback today, amid a bearish undertone in the US dollar after the latest dovish statement from the Federal Reserve.
The local currency was also supported by positive sentiment brought about by Bank Negara Malaysia’s move to maintain the interest rate at 1.75%, which one dealer said signalled that Malaysia’s economic recovery is on track.
At 6pm, the local currency rose to 4.1100/1140 against the US dollar from yesterday’s close of 4.1200/1240. – Bernama, May 7, 2021
