Bursa Malaysia staged a recovery from yesterday’s global stock rout, with the key index entering positive territory by the lunch break today. A dealer noted that the overall selling pressure had been well absorbed, at least for the near term, although margin calls might occur later this week.
At 12:30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 31.43 points, or 2.04 percent, to 1,567.91, rebounding from Monday’s close of 1,536.48.
The FBM KLCI opened 5.66 points higher at 1,542.14 and fluctuated between 1,529.09 and 1,568.70 during the morning session.
On the broader market, advancers outnumbered gainers 974 to 307, while 353 counters remained unchanged, 771 were untraded, and seven others were suspended.
