BURSA Malaysia extended its upward momentum on tuesday, soaring 2.32 per cent to a more than two-month high, buoyed by renewed risk-on sentiment as the United States (US) and China took significant steps to de-escalate trade tensions over the weekend.
At 5 pm, the FBM KLCI surged 2.32 per cent, or 35.89 points, to 1,582.39 from Friday’s close of 1,546.50.
The market benchmark began the day 14.89 points higher at 1,561.39, its lowest level today, before steadily rising to reach an intraday high of 1,582.55 in the late afternoon session.
In the broader market, gainers trounced losers 874 to 323, while 408 counters were unchanged, 778 untraded and eight suspended.
Turnover expanded to 4.16 bil units worth RM4.48 bil compared to 2.94 bil units worth RM1.89 bil recorded last Friday. —May 13, 2025
