Bursa Malaysia ends higher on bargain-hunting | Malay Mail

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KUALA LUMPUR, March 24 — Bursa Malaysia ended on a positive note after strong bargain-hunting was seen across the board, especially for blue-chip stocks. Key index FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 2.48 per cent or 31.26 points to close at 1,291.14. The index hovered between 1,271.34...

A view inside the RHB Centre stock market in Kuala Lumpur March 2, 2020. Key index FTSE Bursa Malaysia KLCI climbed 2.48 per cent or 31.26 points to close at 1,291.14. — Picture by Firdaus Latif

On the broader market, gainers outpaced losers 740 to 167, while 246 counters were unchanged, 865 untraded and 18 others suspended. On the KLCI performance, she said 20 out of 30 stocks ended on a positive note as the KLCI reached a 10-year low, triggering bargain-hunting. Of the actives, oil and gas-related counters continued their rally lead since morning with Hibiscus adding 2.5 sen to 31 sen and Sapura Energy gaining half-a-sen to 7.5 sen.

The FBMT 100 Index increased by 231.13 points to 8,689.24 and the FBM Ace rose 200.21 points to 3,552.15.

Source: News Formal (newsformal.com)

 

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