KUALA LUMPUR: Bursa Malaysia closed on a positive note despite a mixed investor sentiment that keeps the benchmark index in consolidation mode.

At 5pm, FTSE Bursa Malaysia (FBM) KLCI was up 0.02 per cent or 0.33 points to 1,635.62 versus Monday's close of 1,635.29.   

The key index moved between 1,629.22 and 1,638.87 throughout the trading session today.

Gainers led losers in the broader market, 566 to 482 while 513 counters were unchanged.

Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said investor sentiment on the local front remained mixed, with low trading volume keeping the benchmark index in consolidation mode.  

"We are watching for a breakout; without it, the FBM KLCI may stay range-bound until fresh catalysts appear.

"A solid break above the 1,650 resistance could trigger stronger upward momentum. Hence, we maintain our weekly target range of 1,630-1,650, representing the support and resistance levels," he said in a note.  

FBM100 closed 0.11 per cent higher at 11,962.77, FBM Emas rose 0.1 per cent to 12,268.87 and FBM ACE added 0.45 per cent to 5,152.66.

https://www.nst.com.my/business/corporate/2024/10/1116720/bursa-malaysia-ends-firmer-amid-mixed-sentiment