KUALA LUMPUR: Share prices on Bursa Malaysia extended their gains to close higher on Wednesday on continued buying in index-linked stocks, amid a positive market undertone.
At closing, the FBM KLCI closed 18.58 points, or 1.18% higher at 1,588.45. It opened 7.03 points higher at 1,576.90 this morning. The index has fallen some 2.4% so far this year.
Gainers overpowered losers on a ratio of 631-to-559 stocks. Traded volumes stood at 10.78 billion valued at RM6.18bil.
Foreign funds bring support to the market as local institutions continue to sell. Stock market data showed foreign investors were net buyers at RMRM240mil and retail investors at RM23mil on Tuesday. Local institutional investors sold RM263mil worth of equities on Bursa Malaysia.
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