Bursa begins sturdy as international shares rally

KUALA LUMPUR: The home market continued its rally within the wake of rising constructive sentiment in international markets.

Investor optimization over financial knowledge in US markets spilled over into the Malaysian market, which is already buoyed by the scheduled reopening of borders on April 1.

At 9.05am, the FBM KLCI was up 3.2 factors to 1,602.17.

Based on Malacca Securities Analysis, there continues to be a push within the recovery-themed shares given the continued return to normalcy within the nation.

“We consider the reopening of journey borders in April ought to revive the financial sectors in Malaysia and profit the recovery-themed shares.

“Nonetheless, sentiment might stay cautious amid the unresolved geopolitical tensions between Russia and Ukraine,” it mentioned in a report.

On the blue-chip index, CIMB was up 5 sen to RM6.17, whereas Public Financial institution dipped one sne ot RM4.64 and Maybank was unchanged at RM8.98.

Kuala Lumpur Kepong gained 14 sen to RM25.60, Sime Darby Plantation climbed 9 sen to RM5.14 and IOI was flat at RM4.15.

Petronas Gasoline rose six sen to RM16.90 whereas Petronas Chemical compounds dipped three sen to RM9.59.

Expertise shares rallied additional on the again of yet one more sturdy session on the Nasdaq. MPI rose RM1.20 to RM38.70, Vitrox gained 21 sen to RM8.23 and D&O rose 16 sen to RM4.86.

Amongst actives, DNeX rose three sne to RM1.07, Velesto slid 0.5 sen to 10.5 sen and Opcom was up 1.5 sen to 81 sen.


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