FBM KLCI ends sharply higher as fears over global banking crisis ease on Friday

BURSA Malaysia rebounded and ended sharply higher today, in tandem with the recovery across regional markets as worries over a global banking crisis receded, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 20.13 points, or 1.45%, to 1,411.73 from Thursday’s (March 16) close of 1,391.60.

The market bellwether opened 5.68 points better at 1,397.28 and moved between 1,397.23 and 1,416.92 throughout the day.

Market breadth was positive with gainers thumping decliners 711 to 244 while 349 counters were unchanged, 961 untraded and 27 others suspended.

Turnover amounted to 4.43 billion units worth RM4.09 bil. — March 17, 2023

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