BURSA Malaysia staged a relief rally with the key index closing above the 1,570-mark on Monday as traders heaved a sigh of relief after learning that no total lockdown would be implemented under the movement control order 3.0 (MCO 3.0).
Rakuten Trade head of equity sales Vincent Lau said the local bourse also moved in line with the uptrend seen in most regional markets.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 9.65 points, or 0.62%, to 1,571.82 from 1,562.17 at last Friday’s close.
The index opened 1.61 points firmer at 1,563.78 and hovered between 1,563.57 and 1,576.96 throughout the day.
On the broader market, gainers outpaced losers 902 to 282, while 332 counters were unchanged, 686 untraded and 19 others suspended.
Total volume shrank to 6.75 billion units worth RM3.47 bil from 7.53 billion units worth RM4.07 bil last Friday. May 24, 2021
