The stronger FBM KLCI, which rose by 21.85 points or 1.44% to close at 1,536.28 points, tracked the earlier gains seen in the United States’ S&P500 and Nasdaq, despite a slight decline in the Dow Jones Industrial Index.
PETALING JAYA: Fresh hopes of Covid-19 vaccine, Malaysia’s first factory activity expansion in 21 months and positive sentiment across the regional market boosted optimism in the local stock market, lifting the bellwether index for the fourth consecutive trading day.
A total of 25 constituent stocks out of the 30-stock FBM KLCI closed in the green as the index delivered its best performance in nearly a month. Similarly, across the larger Bursa Malaysia, market breadth was overwhelmingly positive as 701 gainers trumped 334 decliners.
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