KUALA LUMPUR, Nov 11 — Bursa Malaysia ended broadly higher on the last day of the week, lifted by a strong recovery in global equities and the newly-released positive economic data for the third quarter (Q3) of 2022, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) strengthened 1.27 per cent, or 18.47 points, to 1,468.21 from Thursday's close of 1,449.74.

The market bellwether, which opened 17.45 points better at 1,459.19, moved between 1,459.54 and 1,468.21 throughout the day.

On the broader market, gainers trounced decliners 667 to 275, while 401 counters were unchanged, 999 untraded, and 30 others suspended.

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Turnover eased to 3.43 billion units valued at RM2.42 billion versus 3.47 billion units worth RM1.45 billion on Thursday.

Bank Negara Malaysia today revealed that Malaysia's economy grew by 14.2 per cent in Q3 2022 supported by continued expansion in domestic demand, firm recovery in the labour market, robust electrical and electronics (E&E) as well as non-E&E exports, and ongoing policy support.

Regionally, key indices rose tremendously following the positive performance on Wall Street overnight, said Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng.

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"Moderations in the data fueled bets that the Federal Reserve may ease the pace of its monetary tightening campaign, with investors shrugging off chair Jerome Powell's assertion earlier this month that a policy shift is not imminent and China’s policies to support the property sector," he told Bernama.

Meanwhile, Bursa Malaysia heavyweights Maybank lost four sen to RM8.60, Public Bank lifted two sen to RM4.45, Petronas Chemicals gained nine sen to RM8.73, CIMB added four sen to RM5.52, and IHH Healthcare rose three sen to RM6.00.

Among the actives, Advance Synergy and XOX improved half-a-sen to 13.5 sen and 51.5 sen, respectively, Top Glove climbed 7.5 sen to 96 sen, Careplus went up 2.5 sen to 51.5 sen, and Supermax shed one sen to 94 sen. — Bernama