BURSA MALAYSIA EXTENDS RALLY, KLCI ENDS AT INTRADAY HIGH FOR THIRD STRAIGHT DAY

Bursa Malaysia extended its rally with the key index ending the week at its intraday high for the third consecutive day, driven by positive sentiment and improved buying interest in banking, plantation and telecommunication heavyweights, a dealer said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced by 0.56% or 8.79 points to 1,578.89 from 1,570.1 at Thursday’s close. The barometer index, which opened 5.8 points lower at 1,564.3, hit an intraday low of 1,562.91 in the morning session before gathering momentum in the afternoon session to close higher. Overall market breadth was positive with advancers outnumbering decliners 509 to 446, while 407 counters were unchanged, 856 untraded, and 36 others suspended.

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