Bursa snaps 4-day losing streak

KUALA LUMPUR: Bursa Malaysia snapped a four-day losing streak to close higher today, supported by continuous buying momentum in heavyweights, amid mixed sentiments in the regional markets.

On the other hand, he said investors were expected to remain cautious ahead of key inflation reports this week, including the US consumer price index report due Wednesday and the producers’ price index on Thursday. The broader market turned positive as gainers surpassed losers 405 to 377, while 454 counters were unchanged, 1,023 untraded and 26 others suspended.

Among the actives, newly listed SkyWorld shed 6 sen to 74 sen, RGB International fell 3.5 sen to 34.5 sen, Sarawak Consolidated eased 0.5 sen to 46 sen while MyEG improved 4 sen to 75.5 sen. The Main Market volume strengthened to 1.61 billion units valued at RM1.31 billion from 1.4 billion units valued at RM1.21 billion on Friday.

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