Bursa starts on positive note on stimulus package

TheStar Tue, Apr 07, 2020 08:40am - 4 years View Original


By 5pm, the 30-stock FBM KLCI closed 11.04 points, or 0.83%, higher yesterday at 1,341.69 points. Of the 30 constituent stocks, a total of 18 counters gained while nine declined and three remained unchanged

PETALING JAYA: Bursa Malaysia kicked off the week on a positive note as the government’s special stimulus package for businesses worth RM10bil fuelled fresh optimism in the market.

In addition, momentum also picked up over the prospect of an oil deal among major crude oil producers.

Despite a slight dip in early trade yesterday, potentially due to dampened sentiment following Bank Negara’s weak growth forecast for Malaysia last Friday, the benchmark FBM KLCI later pared its losses ahead of Prime Minister Tan Sri Muhyiddin Yassin’s special address.

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