At the close, benchmark index the FTSE Bursa Malaysia KLCI rose by 5.74 points to close at 1,500.35 after opening at 1,492.11. — Bernama pic
The market had moved within a tight range throughout the day, traversing between 1,489.98 and 1,504.55. The healthcare index increased by 2.84 per cent to 4,118.91, while the technology index was 1.28 per cent higher at 61.60 points. On KLCI components as well as technology stocks, she said that bargain hunting is imminent as the Relative Strength Index is in the oversold position.
Together with Supermax, the glove counters were among the top gainers throughout the day, boosting the healthcare index, followed by Malaysian Pacific Industries and KESM which contributed to the rise in the technology index. The Main Market volume declined to 2.29 billion shares worth RM3.20 billion from 3.28 billion shares worth RM3.79 billion yesterday.