Bank stocks drive market higher amid robust trading


KUALA LUMPUR: Bursa Malaysia extended its gains on Thursday amid escalating trading volumes as confidence mounted that global stimulus measures would help to stabilise economic growth.

At 12.30pm, the FBM KLCI was up 3.31 points to 1,586.81, mostly on the back of a jump in financial stocks. Most counters on the 30-stock index were in the red, signalling some profit-taking in the heavyweights following the recent rally.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Bursa Malaysia , FBM KLCI , crude oil , ringgit , equities

   

Next In Business News

Industrial projects look increasingly attractive
Yew Lee expects to return to profitability on wider customer base
Changing office space requirements
Fed dampens hopes for rate cut
F&N to use cost management measures
Demand for co-working space remains resilient
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read