Bursa Malaysia ends firmer, buoyed by positive US-China developments

Bursa Malaysia ends firmer, buoyed by positive US-China developments

KUALA LUMPUR: Bursa Malaysia closed on a stronger note Wednesday, lifted by positive sentiment stemming from recent US-China developments, with YTL-linked stocks attracting notable buying interest. © New Straits Times Press (M) Bhd

Local institutions fuel Bursa Malaysia at opening

KUALA LUMPUR, June 12 — Bursa Malaysia extended yesterday’s momentum to open higher today, as current stock valuations remain appealing, prompting continued accumulation by local institutions, said Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.70 points to 1,527.54 from Wednesday’s close of 1,523.84. The benchmark index opened at 1,527.71, higher by 3.87 points. Ma…