Bursa Malaysia ends marginally higher on late bargain hunting

KUALA LUMPUR, Jan 30 -- The FBM KLCI ended in the positive territory on late bargain hunting, with support in the broader market primarily seen in small-cap energy as well as transportation and logistics stocks.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.84 points to 1,499.39 from Friday’s close of 1,497.55.

The key index opened 2.20 points higher at 1,499.75 and moved between 1,494.15 and 1,500.95 throughout the session.

On the broader market, gainers outpaced losers 478 to 472, while 395 counters were unchanged, 873 untraded and 54 others suspended.

Turnover slipped to 4.56 billion units worth RM2.44 billion against Friday’s 4.62 billion units worth RM2.42 billion. — Bernama