KUALA LUMPUR, May 4 (Bernama) -- Bursa Malaysia ended at an intraday high on broad-based buying, reflecting improving sentiment on the local front, analysts said. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices also ended higher, supported by strong gains in AI-related and technology stocks, as investors continued to rotate into growth sectors amid improving global risk appetite. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 17.75 points, or 1.03 per cent, to close at 1,739.77 from Thursday’s close of 1,722.02. The benchmark index, which opened 6.72 points firmer at 1,728.74, hit its lowest level of 1,725.01 in early trade before gaining momentum for the rest of the day. Market breadth was positive with gainers leading losers 668 to 494. A total of 582 counters were unchanged, 877 were untraded, and 24 were suspended.
Market Daily Report: Bursa Malaysia Closes At Intraday High On Broad-based Buying, Improved Sentiment
KUALA LUMPUR, May 4 (Bernama) -- Bursa Malaysia ended at an intraday high on broad-based buying, reflecting improving sentiment on the local front, analysts said. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices also ended higher, supported by strong gains in AI-related and technology stocks, as investors continued to rotate into growth sectors amid improving global risk appetite. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 17.75 points, or 1.03 per cent, to close at 1,739.77 from Thursday’s close of 1,722.02. The benchmark index, which opened 6.72 points firmer at 1,728.74, hit its lowest level of 1,725.01 in early trade before gaining momentum for the rest of the day. Market breadth was positive with gainers leading losers 668 to 494. A total of 582 counters were unchanged, 877 were untraded, and 24 were suspended.