KUALA LUMPUR: Bursa Malaysia closed higher on Monday, supported by improving domestic and global economic data that reinforced investor confidence in Malaysia’s near-term growth outlook.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the benchmark FBM KLCI advanced as sentiment turned more constructive, reflecting optimism over the nation’s resilient labour market, firming ringgit, and a steadier global risk environment.
Additionally, Asian equities rallied today boosted by hopes for a deal that would end the US government shutdown. According to reports, the US Senate passed the first stage of a deal late Sunday night, that would end the shutdown which began on Oct 1.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 8.25 points, or 0.51 per cent, to 1,627.38 from Friday’s close of 1,619.13.
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