KUALA LUMPUR: Wall Street’s rally on US government’s move to roll out more stimulus measures saw key Asian markets and Bursa Malaysia climbing in early Friday trade.
At 9.11am, the KLCI was up 17.45 points or 1.31% to 1,345.54. Turnover was 361.12 million shares valued at RM159.11mil. There were 443 gainers, 72 losers and 112 counters unchanged.
Market confidence was also shored up by S&P Global Ratings’s affirmation of Malaysia 'A-/A-2' Foreign Currency and 'A/A-1' Local Currency Ratings with Outlook as Stable.
Reuters reported Asian stocks rose as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after US unemployment filings surged to a record.
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