Promising economic prospects helped Bursa to end higher at closing

BURSA Malaysia extended gains for a second straight day Thursday as improved economic prospects, both internally and externally, boosted the equity market. 

At 5 pm, the benchmark FTSE Bursa Malaysia (FBM KLCI) pared early gains amid some profit-taking activities but remained on the positive side to end 3.02 points higher at 1,627.99 versus Wednesday’s close of 1,624.97.

The index opened 1.21 points firmer at 1,626.18 and remained above this level throughout the day and hit hit a high of 1,635.15 in the morning session.

On the broader market, gainers led losers 634 to 615, while 411 counters were unchanged, 587 untraded and 27 others suspended.

Total volume, however, eased to 9.15 billion shares worth RM4.89 bil from Wednesday’s 12.67 billion shares worth RM4.77 bil. – March 18, 2021

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