BURSA Malaysia ended on a firm note today in tandem with most regional peers, buoyed by the US Federal Reserve’s (Fed) remarks on Friday which indicated a lean towards a more accommodative monetary policy.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.22 points or 0.20% to 1,638.96 from Friday’s close of 1,635.74.

The local market was boosted by strong gains in most index-linked counters led by Malayan Banking Bhd (Maybank), Tenaga Nasional Bhd and Press Metal Aluminium Holdings Bhd.

These three counters contributed 4.998 points to the gains in the composite index, with Maybank rising 10 sen to RM10.54, Tenaga adding 20 sen to RM13.92 and Press Metal gaining seven sen to RM5.21.

The index opened 4.08 points higher at 1,639.82 and moved between 1,634.72 and 1,643.95 throughout the day. - Aug 26, 2024

https://focusmalaysia.my/bursa-malaysia-ends-on-a-firm-note-in-sync-with-regional-peers-fed-remarks/