Bursa extends gains on the back of US stimulus

TheStar Thu, Mar 26, 2020 09:30am - 4 years View Original


The FBM KLCI jumped 33.36 points or 2.58% in a roller coaster of a day to close at 1,324.50 points.

PETALING JAYA: The Bursa Malaysia rebound extended for a second day as the White House struck a deal with the Congress for the US$2 trillion coronavirus (Covid-19) aid package to bail out the US economy.

The FBM KLCI jumped 33.36 points or 2.58% in a roller coaster of a day to close at 1,324.50 points.

The benchmark stock index of Bursa Malaysia rode on the spectacular rally on Wall Street by opening at 1,322.19 points yesterday after testing the 1,300-point mark for merely two hours on Tuesday.

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