Bursa bucks regional trend on economic recovery plan news | Malay Mail

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KUALA LUMPUR, May 29 — Bursa Malaysia bucked the regional trend to close higher today, thanks to buying support in index-linked counters and positive news on the government’s new economic recovery plan, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 15.75 points to end the...

The benchmark FTSE Bursa Malaysia KLCI rose 15.75 points to end the day at 1,473.25 from 1,457.5 at yesterday’s close. ― Picture by Hari Anggara

The overall market breadth was positive with gainers trouncing losers 650 to 403, while 363 counters were unchanged, 484 untraded and 50 others suspended. Nevertheless, Bursa rebounded in the afternoon session as risk appetite improved after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz announced today the government would soon announce a new economic recovery plan.

Regionally, Japan’s Nikkei Index eased 0.18 per cent to 21,877.89, Hong Kong’s Hang Seng Index contracted 0.74 per cent to 22,961.47 and Singapore’s Straits Times Index declined 0.18 per cent to 2,510.75.

 

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