FBM KLCI ends higher as bank contagion fears ease

TheStar Tue, Mar 21, 2023 05:21pm - 6 months View Original

KUALA LUMPUR: The FBM KLCI ended higher on Tuesday bolstered by the improving sentiment over the ongoing banking crisis and bargain-hunting.

At 5pm, the 30-stock index added 4.74 points, or 0.34% to 1,406.55. The index has risen to an intraday high of 1,412.81.

The market’s breadth returned to positive territory with more stocks recovering. Specifically, 483 counters ended higher, while 368 dropped lower. Turnover stood at 3.22 billion shares valued at RM1.85bil.

Dealers said investors' focus is on the Federal Reserve’s interest rate decision.


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