Bursa Malaysia ends modestly higher driven by glove stocks | Malay Mail

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KUALA LUMPUR, April 23 — Bursa Malaysia ended the week modestly higher, driven by steady gains in heavyweights led by rubber glove and industrial products counters as the broader market breadth also turned positive. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.70 of-a-point to...

An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari AnggaraKUALA LUMPUR, April 23 — Bursa Malaysia ended the week modestly higher, driven by steady gains in heavyweights led by rubber glove and industrial products counters as the broader market breadth also turned positive.

The market bellwether opened 0.45 of-a-point lower at 1,607.28 and moved between 1,605.44 and 1,610.81 throughout the day. Total volume decreased to 6.55 billion shares worth RM4.19 billion from 7.90 billion shares worth RM4.98 billion on Thursday. “Overall, market sentiment was supported by the rally in China stocks following President Xi Jinping’s renewed green pledge which bolstered energy stocks, while a flare-up of pandemic cases in Asian countries helped to support healthcare shares.

 

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