Crude oil prices surge helps KLCI closes higher

TheStar Thu, Apr 02, 2020 05:29pm - 3 years View Original


KUALA LUMPUR: Higher crude oil prices lifted oil and gas stocks higher at the close on Thursday, pushing Bursa Malaysia to close in green.

At 5pm, the FBM KLCI closed up 8.24 points, or 0.62% to 1,330.90. The benchmark index opened 2.04 points lower this morning.

Market breadth turned positive as gainers were on the upper hand against the losers on a ratio of 671-to-203 stocks. Traded volumes stood at 5.14 billion shares worth RM2.43bil.

Dealers said market sentiment was lifted by a rebound in crude oil prices on hopes for a deal to end the price war between Saudi Arabia and Russia.

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