Bursa rallies with over 900 counters in positive zone

The rally on Bursa also mirrored the firmer key Asian markets.

KUALA LUMPUR: Bursa Malaysia rallied on Thursday with the FBM KLCI closing at the day’s high, underpinned by Public Bank, Petronas Chemicals and Axiata, tracking the key Asian markets as the gloom over the Covid-19 pandemic lifted.

At 5pm, the FBM KLCI was up 29.54 points or 1.85% to 1,628.26. Turnover was 12.37 billion shares valued at RM6.17bil. Advancing counters beat advancers nine to four or 907 gainers to 401 losers and 410 counters unchanged.

Analysts said the progress in the Covid-19 vaccines could have removed some of the gloom over the pandemic which saw stocks markets charting strong gains. The worst could be over, they said.