KUALA LUMPUR: The FTSE Bursa Malaysia KLCI ended in positive territory driven by energy-related stocks amid the stronger oil market due to tensions in the Middle East.
On a positive note, he said stock markets tend to recover quickly once tension in the Middle East subsides and this was evidenced during the afternoon session.The index, which opened 0.18 of-a-point higher at 1,417.06 this morning, moved between 1,415.80 and 1,420.71 during the day. On the domestic front, he said sentiment is expected to continue to remain cautious and external volatility is anticipated to increase along with some selling pressure from foreign funds.
Market turnover strengthened to 2.88 billion units worth RM1.78 billion from 2.86 billion units worth RM2.09 billion last Friday.