Bursa Malaysia reverses losses to close higher
KUALA LUMPUR, March 12 — A rally on the Dow Jones Industrial Average prompted bullish performances across global stock markets today, including Bursa Malaysia, which reversed its losses from yesterday, with the benchmark FTSE Bursa Malaysia KLCI index gaining 6.65 points to 1,671.28.Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew said the local bourse was mechanically tracking Dow Jones’ performance which rebounded following the rise in oil prices.
On the scoreboard, market breadth was positive with 523 gainers to 346 losers while 405 counters remained unchanged, 630 untraded and 20 others were suspended. The Singapore’s Strait Times improved four per cent this year and the Indonesia Stock Exchange is up three per cent, the FBM KLCI lost over one per cent.
The FBM Emas Index rose 51.24 points to 11,687.90, the FBMT 100 expanded 48.22 points to 11,536.52, the FBM 70 leapt 68.38 points to 14,118.47, the FBM Emas Shariah Index earned 42.09 points to 11,692.05 and the FBM Ace Index advanced 42.51 points to 4,724.84.
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