Bursa Malaysia opens higher for the second day in a row



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KUALA LUMPUR: Bursa Malaysia opened up for the second consecutive day after the continued recovery of global equities after strong October sales, while yields in US dollars and Treasuries fell, as Yesterday's mandate largely meets the expectations of the market.

At 9:05, the FTSE Bursa Malaysia KLCI benchmark (FBM KLCI) gained 8.98 points to 1,723.86 from Wednesday's close of 1,714.88.

The index opened 11.08 points higher at 1,725.96.

The Public Investment Bank Bhd said that external factors remained at the center of concerns, especially the United States, as Democrats gained control of the House of Representatives and Republicans retained the Senate. The focus is on the impact of a divided government on US fiscal policy.

"On Wall Street, the S & P 500 rose 2.1% to 2,813, its highest closing level in a month and its largest rise in a day since October 16.

"As for the major stock market indices in the Asia-Pacific region, which have been vastly higher, have been mixed as the US results have become clear," said the research house in a note.

On Bursa, the wider market saw winners wipe from 278 to 44 with 115 unchanged chips, 1,416 non-traded and 20 more suspended.

The volume amounts to 134.14 million units worth RM 68.39 million.

Among the heavyweights, PChem added 18 sen to 9.88 RM, Tenaga increased from 14 sen to 14.96 RM, Maybank gained five to 9.33 RM and HLBank amassed 24 to 20.84 RM.

In terms of assets, SapNRG, Iris and PUC all rose slightly to 37.5 sen, 15.5 sen and 15 sen, respectively, while TatGiap increased by two sen to 19.5 sen and Frontkn increased by 4.5 sen at 87.5 sen.

The FBM Emas Shariah index recorded 12,727.27 points, 61.78 points, the FBM Ace index climbed 54.22 points to 5,038.88 points and the FBM 70 index added 56.22 points to 13,965.22 points.

The FBM Emas index posted an improvement of 58.88 points to 11,952.90 and the FBMT 100 index totaled 58.18 points to 11,794.34.

At the sectoral level, the plantation index rose by 34.70 points to 7,406.06, the index of industrial products and services was improved by 1.72 points to 176.39 and l & # 39; 39, financial services index was strengthened by 80.25 points to 17,311.72. – Bernama

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