BARGAIN hunting pushed Bursa Malaysia to end the week higher as investors cheered the United States (US) tariff reduction on all Malaysian products entering the country, coupled with positive market sentiment following the announcement of the 13th Malaysia Plan (13MP).
Earlier today, the White House announced a 19 per cent tariff imposed on Malaysia, lower than the 25 per cent announced on July 7.
At 5 pm, the FBM KLCI surged 20.10 points or 1.33 per cent to close at 1,533.35 from Thursday’s close of 1,513.25.
The benchmark index, which opened 6.62 points higher at 1,519.87, hit a high of 1,534.48 at one point.
The broader market was positive, with gainers outpacing losers 570 to 452, while 521 counters were unchanged, 947 untraded and 11 suspended.
Turnover eased to 3.16 bil units worth RM2.23 bil from 3.77 bil units worth RM3.10 bil yesterday. —Aug 1, 2025
