Focus

Bursa Malaysia rallies on political clarity, KLCI 4.04 pct

BERNAMA
By BERNAMA
24 Nov 2022 05:30pm
Pelabur akan kekal berhati-hati dalam tempoh beberapa hari lagi sehinggalah wujudnya keputusan yang lebih jelas mengenai pemilihan Perdana Menteri Malaysia ke-10.
Pelabur akan kekal berhati-hati dalam tempoh beberapa hari lagi sehinggalah wujudnya keputusan yang lebih jelas mengenai pemilihan Perdana Menteri Malaysia ke-10.

KUALA LUMPUR - Bursa Malaysia rallied to a near three-month high today, with the key index rising by 4.04 per cent, on bullish market sentiment following the clarity in the local political scene, coupled with positive external developments that fuel investors' risk appetite.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 58.38 points to end the day at 1,501.88 compared with 1,443.50 at Wednesday's close.

The performance was so following the appointment of Datuk Seri Anwar Ibrahim as the country's 10th Prime Minister, essentially ending the almost-week-long political impasse that ensued after the 15th General Election.

The market bellwether, which opened 7.18 points higher at 1,450.68, its intraday low, thereafter moved in an upbeat momentum throughout the day and hit an intraday high of 1,502.11 in late trading.

Market breadth was bullish with advancers hammering decliners 981 to 197, while 256 counters were unchanged, 899 untraded, and 84 others suspended.

The brisk trading in the market saw turnover increasing sharply to 6.87 billion units worth RM4.19 billion versus 2.68 billion units worth RM1.63 billion on Wednesday. - BERNAMA

Related Articles:
GE15
Bursa Malaysia
FTSE Bursa Malaysia KLCI
Anwar Ibrahim
More Like This
Photo for illustrative purposes only. Bernama FILE PIX
Photo for illustrative purposes only. Bernama FILE PIX
National Sampans become primary transport for flood-hit Kampung Gual To' Deh
Most residents have started parking sampans outside their homes or along the roadside to serve as their primary means of transport.
Selangor Menteri Besar Datuk Seri Amirudin Shari officiated the launch of the 16 Hari Menentang Keganasan Terhadap Wanita dan Kanak-Kanak campaign at Wisma Dewan Negeri Selangor today. State Women’s Development and Social Welfare Committee chairman Anfaal Saari was also present. - Photo by Bernama
Selangor Menteri Besar Datuk Seri Amirudin Shari officiated the launch of the 16 Hari Menentang Keganasan Terhadap Wanita dan Kanak-Kanak campaign at Wisma Dewan Negeri Selangor today. State Women’s Development and Social Welfare Committee chairman Anfaal Saari was also present. - Photo by Bernama
National Obedience misconceptions stop wives from reporting domestic violence - Exco
Some men have manipulated the concept, causing their wives to tolerate the violence, including mental abuse.
Four luxury cars and other belongings of renowned cosmetics entrepreneur Datuk Seri Vida were seized by the Kuala Lumpur High Court at her Meru residence, today (Nov 25). - FILE PIX
Four luxury cars and other belongings of renowned cosmetics entrepreneur Datuk Seri Vida were seized by the Kuala Lumpur High Court at her Meru residence, today (Nov 25). - FILE PIX
National Datuk Vida’s luxury cars, belongings seized for failing to settle debt
By NOOR AINON MOHAMED
25 Nov 2024 09:59pm
It was reported that she had failed to settle a debt of RM1,060,285 for the renovation of her factory in Shah Alam into a studio in 2018.
Screengrab taken from social media.
Screengrab taken from social media.
National Man arrested at home for alleged cat abuse
Kuala Lumpur police chief Datuk Rusdi Mohd Isa said the 43-year-old suspect was arrested at his residence by a team from Brickfields district police headquarters at 6.10pm yesterday.