Bursa stages mild rebound as KLCI closes at 1,500

TheStar Tue, Feb 25, 2020 05:35pm - 4 years View Original


At 5pm, the KLCI was up 10.82 points or 0.73% to 1,500.88 but this was just one-fourth of the losses the previous day after the collapse of the Pakatan Harapan (PH) government and resignation of Tun Dr Mahathir Mohamad as prime minister.

KUALA LUMPUR: Some mild buying of Tenaga, Maybank and IHH Healthcare on Tuesday after the selldown the previous day enabled the key FBM KLCI to close above the key 1,500 level.

At 5pm, the KLCI was up 10.82 points or 0.73% to 1,500.88 but this was just one-fourth of the losses the previous day after the collapse of the Pakatan Harapan (PH) government and resignation of Tun Dr Mahathir Mohamad as prime minister.

Reuters reported Dr Mahathir was proposing to lead a unity government and has invited lawmakers from across rival political parties to join.

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