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Bursa bounces from three-month low after Malaysia resists full lockdown


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. ....

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