Bursa bounces from three-month low after Malaysia resists full lockdown Azanis Shahila Aman
KUALA LUMPUR: Malaysia s stock exchange yesterday climbed from a three-month low and a 30-point loss since early this month after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.65 points or 0.62 per cent to end at 1,571.82 today from 1,562.17 at last Friday s close.
At 9.06am, FBM KLCI was up 3.34 points, or 0.21 per cent, and continued climbing until mid-morning, gaining 12.89 points or 0.83 per cent higher to 1,575.06.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said a full lockdown would affect the nation s growth trajectory.
Bursa Malaysia to trade between 1,550 and 1,590 this week thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
19 May 2021 / 18:57 H.
KUALA LUMPUR: Bursa Malaysia drifted further to end the day broadly lower on the back of rising Covid-19 infections in the country with 6,075 new cases today.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) managed to pare some of its losses to finish 10.8 points lower at 1,580.52 compared with Tuesday’s close of 1,591.32.
The market bellwether, which opened 0.10 of-a-point easier at 1,591.22, fluctuated between 1,574.28 and 1,591.32.
Overall market breadth was also negative with losers thumping gainers 905 to 228, while 335 counters were unchanged, 736 untraded, and seven others suspended.
Total volume eased to 5.74 billion units worth RM4.03 billion from Tuesday’s close of 5.84 billion units worth RM3.15 billion.
Bursa Malaysia ends broadly lower, 1,061 stocks fall but CI up 0 06 pct thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to move higher next week, tracking the positive movement of the underlying cash market.