KUALA LUMPUR: The FBM KLCI marched higher for the third day, putting on 1.39% to its highest in almost four years, as investors piled into blue chip stocks.
At closing, the 30-stock index was up 22.96 points to 1,675.24, its highest since Dec 15, 2020, supported by gains in banking counters. The move is the biggest since rising 1.53% on Aug 19.
Market breadth was negative with 407 securities ending in the red versus 407 that closed higher. Activities were encouraging with 3.95 billion worth RM4.65mil changed hands.
In today’s session, 18 of the KLCI-component stocks were traded higher while 12 counters closed down.
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