KUALA LUMPUR: Bursa Malaysia rallied to close broadly higher on Wednesday amid strong buying interests mainly in utility and technology stocks, with the benchmark index gaining 0.44 per cent.
Advancers thumped decliners 727 to 381 on the broader market, with 522 counters unchanged, 781 untraded and 10 suspended. "Key focus will turn towards the US Federal Reserve chairman Jerome Powell's speech later tonight that may guide the pace of future interest rate cuts,” he told Bernama. In contrast, Public Bank bagged two sen to RM4.53, Tenaga Nasional surged 26 sen to RM13.64, and IHH climbed eight sen to RM7.30.
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