SHARES on Bursa Malaysia remained higher at midday on easing number of Covid-19 cases and fatalities reported in some parts of the world, giving hope of recovery for the global economy.
The local bourse was also riding on the higher crude oil price which is currently trading at US$33.98 per barrel, up by 2.81%.
Meanwhile, the government’s RM10 bil additional stimulus package for small and medium enterprises is expected to soften the impact of the movement control order on these companies.
At 12.30pm, key index FTSE Bursa Malaysia KLCI (FBM KLCI) gained 15.04 points, or 1.12% to 1,356.73 from 1,341.69 at Monday’s close.
The key index had opened 13.82 points firmer at 1,355.51 and hovered between 1,352.63 and 1,360.09 in the morning session.
On the scoreboard, gainers led losers 673 to 13, while 312 counters were unchanged, 753 untraded and 21 others suspended.
Turnover stood at 3.92 billion shares worth RM1.62 bil. — April 7, 2020, Bernama
