KUALA LUMPUR: Bursa Malaysia ended at its intraday high on Wednesday, buoyed by buying interest in utilities and petrochemical stocks amid elevated crude oil prices.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.15 points, or 0.59%, to 1,741.61 compared with yesterday’s close of 1,731.46.
The benchmark index opened 0.01 of a point higher at 1,731.47 and subsequently hit a low of 1,728.64 in early trade before gaining momentum for the rest of the day. Late buying drove the index to end at its intraday high.
On the broader market, gainers beat losers 661 to 512, while 600 counters were unchanged, 1,014 untraded and 13 suspended.
Turnover increased to 3.70 billion units valued at RM3.27 billion from 3.43 billion units valued at RM2.94 billion on Tuesday.
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