BURSA Malaysia maintained its upward trajectory to end higher for the second consecutive day today, driven by a wave of investor optimism following the US Federal Reserve’s reassuring remarks to prevent an economic downturn, according to a dealer.

Add to that, the Bank of Japan also took to the stage to reinforce the central bank’s commitment to monetary easing, following the global stock-market rout on Monday (Aug 5).

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) put on 17.48 points or 1.11% to 1,591.87 compared with Tuesday’s (Aug 6) close of 1,574.39.

The market bellwether opened 1.73 points higher at 1,576.12 and moved between 1,563.77 and 1,596.60 throughout the trading session today. The index has recouped 55.39 points (pts) over the last two days.

On the broader market, gainers thumped decliners 1,061 to 270, with 376 counters unchanged, 710 untraded, and eight others suspended.

Turnover decreased to 5.12 billion units worth RM4.02 bil from Tuesday’s 6.39 billion units worth RM5.31 bil. - Aug 7, 2024

https://focusmalaysia.my/bursa-malaysia-closes-on-high-note-ci-gains-55-39-pts-in-2-days/