KUALA LUMPUR: Banks were higher in late Tuesday trade after Bank Negara Malaysia's move to slash the overnight policy rate (OPR) by 50 basis points, which was in line with market expectations.
At 4.03pm, the FBM KLCI was up 17.43 points or 1.25% to 1,394.02, in line with the rebound among key Asian markets, after the selldown on Monday.
However, investors took heart as the central bank was stepping up more measures to support the economy by ease lending rates.
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