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 Anggara
Gainers led losers 365 to 183, while 349 counters were unchanged, 1,272 untraded and 18 others suspended.An analyst said that positive developments reported by key vaccine players boosted global equities, especially developing nations stocks, as hopes are high that the end of the Covid-19 pandemic is near.
Findings from the final stage of AstraZeneca’s vaccine studies are due to be released, following the trial successes from Pfizer Inc and Moderna Inc. Meanwhile, Malacca Securities in its research note today said that the lower liners are likely to trend higher owing to rotational play, while investors will continue to keep an eye on the barrage of corporate earnings releases this week as well as the Budget 2021 voting session in the Parliament this week.