Bursa rallies with 949 counters up on 1st day of MCO 2.0

INVESTOR interest on Bursa Malaysia continued to gain momentum, driving the share market broadly higher on the first day of the reinstatement of the movement control order (MCO 2.0).

Overall, market sentiment improved as the proclamation of a nationwide state of emergency helped to remove uncertainty domestically, while oil prices continued to hover above US$56 per barrel level.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) surged 24.65 points to 1,636.69 compared with 1,612.04 at yesterday’s close.

The index opened 5.64 points higher at 1,617.68 and moved between 1,617.68 and 1,637.10.

On the broader market, gainers trounced losers 949 to 348, while 309 counters were unchanged, 493 untraded and 11 others suspended.

Total volume, however, slipped to 7.12 billion units worth RM5.11 bil from 8.41 billion units worth RM5.76 bil on Tuesday. – Jan 13

 

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