Bursa Malaysia ends on a firm note, up 1.56pc | Malay Mail

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KUALA LUMPUR, July 6 — Bursa Malaysia ended 1.56 per cent firmer today in tandem with the performance of its regional peers, taking a cue from the surge in Chinese blue chips. China’s Shanghai Stock Exchange rallied today amid hopes of further economic stimulus and an economic rebound. The...

The benchmark FTSE Bursa Malaysia KLCI rose 24.25 points to finish at 1,576.90 from Friday’s close of 1,552.65. — Bernama pic

The index opened 1.14 points higher at 1,553.79 and moved between 1,553.79 and 1,577.82 throughout the period. AxiCorp global chief market strategist Stephen Innes said sentiment remained incredibly constructive for Asia and global risk assets as positive economic data and optimism on a potential vaccine managed to offset rising US COVID-19 cases, as equities across the board moved higher.

“We foresee the BNM would keep the OPR unchanged as tentative signs of economic recovery are quite visible. On the index board, the FBM Emas Index gained 179.96 points to 11,087.99, the FBMT 100 Index advanced 176.69 points to 10,937.26 and the FBM 70 soared 253.30 points to 13,581.0.

 

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