At the same time investors remain cautious due to growing global volatility and uncertainties, says analyst.
KUALA LUMPUR: Bursa Malaysia closed higher today, in tandem with the better performance in regional bourses, taking the cue from the upbeat Wall Street performance overnight.
“US President Joe Biden is scheduled to make a visit to Israel, aiming to curb the conflict’s escalation while Secretary of State Antony Blinken has also returned to Israel for a meeting with Prime Minister Benjamin Netanyahu, following discussions with Arab governments,” he shared. On a technical point of view, we see the immediate resistance at 1,460 and support at 1,430,” he told Bernama.
On the broader market, gainers outpaced decliners 439 to 353, while 504 counters were unchanged, 1,045 untraded and 10 suspended. Back home, Bursa heavyweights Maybank and Petronas Chemicals bagged 2 sen each to RM9 and RM7.50 respectively, Public Bank added 1 sen to RM4.18, and Tenaga Nasional improved 3 sen to RM9.98, while CIMB was flat at RM5.61.
Sector-wise, the financial services index added 16.69 points to 16,244.62, the industrial products and services index inched up 0.33 of-a-point to 175.67, the energy index eased 0.29 of-a-point to 882.17, and the plantation index jumped 63.08 points to 6,889.24.
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