KL shares up on buying of blue chips

MALAYSIAN shares closed up 0.54 per cent today as investors bought into blue chips, including Maybank, dealers said.

The Kuala Lumpur Composite Index gained 4.64 points to 856.82, with advancers outnumbering decliners 240 to 207.

Gainers led losers by 243 to 207 while 187 counters were unchanged, 608 untraded and 33 others suspended.

The day's turnover increased to 311.746 million shares worth RM545.815 million from yesterday's 303.824 million shares worth RM543.544 million.

For next week, the market is expected to undergo window-dressing activities, ahead of the Umno general assembly.

Most investors are also expected to stay on the sidelines, awaiting the outcome of the assembly.

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