KUALA LUMPUR – Bursa Malaysia recouped earlier losses to close higher today, with its key index breaching the 1,600-level as investors risk appetite improved, dealers said.
Thanks to buying support that emerged during the afternoon session, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 10.98 points higher at an intraday high of 1,602.95, after sliding to a low of 1,572.62.
On the broader market, losers thumped gainers 889 to 360, while 624 counters were unchanged, 210 untraded, and 14 others suspended.
Total volume decreased to 6.54 billion units worth RM5.03 billion from 7.73 billion units worth RM4.41 billion on Wednesday. – Bernama, January 7, 2021
