Bursa, Asian markets climb on US spending bill to check Covid-19

TheStar Thu, Mar 05, 2020 09:24am - 4 years View Original


At Bursa on Wednesday, foreign funds continued to reduce their stakes as net selling was RM119.40mil but local institutions were net buyers at RM105.40mil and retail investors at RM14mil.

UALA LUMPUR: Bursa Malaysia and key Asian markets advanced early Thursday after the US Congress authorised nearly US$8bil to check the fallout from the Covid-19 coronavirus.

At 9.11am, the KLCI was up 6.08 points or 0.41% to 1,496.03. Turnover was 231.64 million shares valued at RM115.41mil. There were 278 gainers, 70 losers and 184 counters unchanged.

Bloomberg reported Asian stocks extended a global equity rally after an emergency U.S. spending bill to combat the impact of the coronavirus added to signs of support from policy makers around the world. The yen held losses.

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