KLCI rallies to close near key 1,300 level

KUALA LUMPUR: Bursa Malaysia and Asian markets staged a rally on Tuesday as investors took heart from the support measures unveiled by the US Federal Reserve to combat the Covid-19 fallout.

At 5pm, the FBM KLCI was up 39.48 points or 3.13% to 1,299.36. Turnover was 3.17 billion shares valued at RM2.18bil. Advancers beat decliners or nearly five to one with 756 gainers, 155 losers and 246 counters unchanged.