Wednesday, 17 Mar 2021 06:11 PM MYT
The index opened 1.65 points higher at 1,625.61 and fluctuated between 1,616.19 and 1,625.67 throughout the day. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said regional markets appeared to be mixed as investors waited to see if the United States Federal Reserve would signal a faster path towards policy normalisation during its Federal Open Market Committee meeting.
The glove counters recorded hefty gains following the move by Germany, France and other European countries to suspend the use of AstraZeneca’s vaccine; a move which could sustain the need for the gloves in the region, Adam added. Meanwhile, Scomi declined 5.5 sen to 5.5 sen, Borneo Oil increased half-a-sen to four sen and Barakah was two sen higher at 9.5 sen.
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