PETALING JAYA: Bursa Malaysia staged a rebound on the back of positive sentiments arising from the upcoming lift of Wuhan’s lockdown and the United States Federal Reserve’s commitment to stabilise the financial system.
The suspension of short-selling by the Securities Commission (SC) and Bursa Malaysia also assisted in the rebound.
The FBM KLCI climbed back up to the 1,300-point level in intraday trade but did not manage to maintain it as it ended the day nine-points shy of that mark.
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