Bursa turns from worst performer to the best

The firmer overnight close on Wall Street and expectations that Joe Biden could win the US presidential elections and in turn boost Asian markets helped enhance investors’ risk appetite.

KUALA LUMPUR: Bursa Malaysia closed higher on Thursday, underpinned by gains in Petronas-linked stocks and banks, enabling the FBM KLCI to be the top performer among key Asian markets after being the worst the previous day.

At 5pm, the KLCI had rebounded 29.87 points or 2.01% to close at 1,519.43. Turnover was 6.28 billion shares valued at RM3.23bil. The broader market was slightly cautious with declining stocks beating advancers 503 to 469 while 443 counters were unchanged.