Kuala Lumpur, Mar 10 –Bursa Malaysia made a rebound on Thursday lifted by consumer & banking heavyweights and inflow of foreign funds. Asian equity markets surged on Thursday in tandem with positive sentiment following Ukrainian President Volodymyr Zelenskyy agreed to withdraw its membership appeal for NATO. As this is believed to lead to a higher expectation of a ceasefire between Russia and Ukraine. US President Joe Biden urged the oil producers to expand their output. The OPEC member UAE has endorsed more pumping. Hence, a plunge in the oil prices has bouyed the Asian equities.
** Bursa Malaysia ended broadly higher on Thursday, the FTSE BM KLCI climbed 18.20 points or 1.16% % at 1,580.53 .
** The FTSE BM KLCI opened at 1,570.71 . The index fluctuated between 1,567.77 – 1,581.27.
** 608 counters are gainers, 382 counters are unchanged, while 421 counters are losers.
** Total volume of 3,084,739,900 recorded; while Turnover of RM3,408,788,948.
** The Top 5 Gainers :MPI (33.06, +3.18) ; NESTLE (135.50, +1.60) ; F&N (22.14, +0.86) ; PETDAG (21.00, +0.66) ; HLFG (19.24, +0.60)
** The Top 5 Losers : PMBTECH-LA (18.04, -1.46) ; KLK (26.20, -0.80) ; MSC (4.80, -0.36) ; BKAWAN (26.16, -0.34) ; PMBTECH (18.50, -0.34)
** The Top 5 Most Active Stocks : DNEX (1.00, -0.05) ; HIBISCS (1.20, -0.14) ; SMTRACK (0.10, +0.015) ; PBBANK (4.52, +0.12) ; DATAPRP (0.335, -0.03)
** Singapore’s Straits Times Index (STI) rose 48.07 points or +1.50% to 3,243.45 ; Hong Kong’s HSI Index up 262.55 points or +1.27% at 20,890.26; Japan’s Nikkei 225 climbed 972.87 points or +3.94% at 25,690.40; and Korea’s KOSPI advanced 57.92 points or 2.21% to 2,680.32; Shanghai Stock Exchange up 39.70 points or 1.22% at 3,296.09; Australia’s All Ordinaries rose 79.10 points or 1.08% to 7410.90.
