Bursa Malaysia breaches 1,600-mark in early trade

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Bursa Malaysia breaches 1,600-mark in early trade
MalaysiaBreaches600-Mark
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KUALA LUMPUR, May 7 — Bursa Malaysia extended its gains to open above the 1,600 psychological mark today as strong performance on Wall Street overnight signalled hope for the...

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At 9.05am, the FTSE Bursa Malaysia KLCI rose 4.87 points to 1,602.26 from yesterday’s close of 1,597.39.On the broader market, gainers led decliners 225 to 119, while 306 counters were unchanged, 1,663 untraded and 14 others suspended.Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said Wall Street maintained its uptrend on hopes that the Federal Reserve would cut rates sooner rather than later.

Among the heavyweight counters, Maybank added one sen to RM9.84, Public Bank rose two sen to RM4.22, Tenaga Nasional gained four sen to RM12.42, and CIMB and IHH Healthcare were flat at RM6.75 and RM6.30, respectively. On the index board, the FBM Emas Index rose 31.18 points to 12,065.45, the FBMT 100 Index advanced 29.56 points to 11,686.54, and the FBM Emas Shariah Index added 25.31 points to 12,255.23.

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Malaysia Breaches 600-Mark In Early Trade

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