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Bursa Malaysia opens higher but retreats thereafter

16 Feb 2021, 1:33 AM
Bursa Malaysia opens higher but retreats thereafter

KUALA LUMPUR, Feb 16 — Bursa Malaysia opened higher and retreated thereafter on Tuesday, bucking global trends as shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of Covid-19 vaccines and a new fiscal aid from Washington.

At 9.08am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.72 of-a-point to 1,607.35 from 1,608.07 at Monday’s close.

The index opened 3.97 points higher at 1,612.04.

On the broader market, gainers outpaced losers 324 to 207, while 347 counters were unchanged, 1,283 untraded and 11 others suspended.

Total volume stood at 702.81 million units worth RM308.11 million.

— Bernama

 

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