At Bursa, the FBM KLCI climbed to a high of 1,446 in intra-day trade, aided by the recovery in oil prices. However, in late trading, investors decided to take profit on Petronas-linked stocks as oil prices gave up most of the earlier gains after Saudi Armaco said it would pump more oil.
KUALA LUMPUR: Asian markets stabiised on Tuesday after the rout the previous day on hopes of more stimulus measures by governments after the Covid-19 coronavirus left 4,000 people dead.
At Bursa, the FBM KLCI climbed to a high of 1,446 in intra-day trade, aided by the recovery in oil prices. However, in late trading, investors decided to take profit on Petronas-linked stocks as oil prices gave up most of the earlier gains after Saudi Armaco said it would pump more oil.
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