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Buying in transportation and logistics stocks pushes Bursa higher

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Analyst expects the local market to be appealing and provide opportunities for investors, says analyst.

KUALA LUMPUR: Bursa Malaysia ended the week slightly higher as bargain-hunting activities emerged, with buying seen mainly in transportation and logistics stocks, said a dealer.

On the broader market, decliners edged past gainers 430 to 426 while 463 counters were unchanged, 1,073 untraded and 24 suspended. Of the actives, CSH Alliance and Kanger slid 0.5 sen each to 5.5 sen and 13.5 sen, respectively, while Sarawak Consolidated and PUC Bhd were unchanged at 54 sen and 5.5 sen. Widad lost 1 sen to 44.5 sen.

Sector-wise, the consumer products and services Index was 2.01 points higher at 553.5, the industrial products and services index edged up 0.87 of-a-point to 172.73 and the plantation index went up 13.37 points to 6,888.85.

 

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