Bursa Malaysia ends higher supported by banking stocks | Malay Mail

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KUALA LUMPUR, Dec 9 — Bursa Malaysia closed higher to extend its winning streak to a third day today, lifted by hefty gains in the banking stocks led by Public Bank. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.83 points to settle at 1,646.53 after moving between 1,638.77...

FTSE Bursa Malaysia KLCI rose 14.83 points to settle at 1,646.53. — Picture by Firdaus Latif

The key index hovered in positive territory during the entire trading session on the back of positive market sentiment brought about by COVID-19 vaccine news and hopes for a stimulus package in the United States. Total volume increased to 11.88 billion shares worth RM6.68 billion from 11.26 billion shares worth RM6.39 billion today.

“Meanwhile, Pfizer Inc cleared another hurdle when the United States health regulator released documents flagging no new safety or efficacy concerns,” he told Bernama. As for the actives, XOX inched up half-a-sen to 11 sen, Sino Hua-An added one sen to 12 sen and AT Systematization slipped half-a-sen to 19 sen.

Meanwhile, the Industrial Products and Services Index added 0.69 of-a-point to 176.21, but the Plantation Index gave up 8.69 points for 7,361.02.

 

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