Market advances on better-than-expected GDP, rubber glove rally

KUALA LUMPUR: Bursa Malaysia rallied on Wednesday as Bank Negara revealed a better-than-expected result for Malaysia's economy in the first quarter.

The central bank announced at noon that the country's GDP expanded 0.7% in the first three months of 2020, beating the median forecast of a 3.6% contraction by a Reuters poll of economists.