Business

Bursa closes higher on continued buying support in blue chips

KUALA LUMPUR, Jan 23 – Share prices on Bursa Malaysia closed higher today on continued buying support in selected blue chips, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) added 6.59 points to close at 1,635.25 after hovering between 1,622.54 and 1,637.42 throughout the day.

Among the blue-chips that made it to the top gainers list today were Petronas Dagangan and Kuala Lumpur Kepong, which were rose by 26 sen and 10 sen to RM22.90 and RM21.80, respectively.

Meanwhile, on the regional markets, a dealer said the sentiment remained cautious on a US vote on raising the nation’s borrowing limit.

“If it is passed as expected it should clear the very short-term obstacles for risk appetite, although battles on automatic spending cuts and the budget itself are not so long away,” he said.

The Finance Index jumped 65.08 points to 14,868.01, Industrial Index gained 17.71 points to 2,740.01 and the Plantation Index rose 10.91 points to 8,007.8.

The FBM Emas Index surged 44.06 points to 11,119.72, FBMT100 went up 44.47 points to 10,970.22, FBM Mid 70 Index strengthened 50.09 points to 12,095.91 and the FBM Ace Index earned 8.71 points lower at 4,146.09.

Gainers led losers by 402 to 286 while 314 counters were unchanged, 657 untraded and 28 others suspended.

Volume fell to 1.16 billion shares worth RM1.67 billion from 1.27 billion shares worth RM2.23 billion on Tuesday.

The local bourse will be closed tomorrow for Maulidul Rasul holiday. – Bernama

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