Bursa Malaysia closed on a firmer note on Wednesday with fund buying seen in Public Bank, Maxis and CIMB as investors grew more confident in the new administration's policies.
At 5pm, the FBM KLCI was up 10.06 points or 0.54% to 1,858.26. Turnover was three billion shares valued at RM2.91 billion. The broader market was mixed with 492 gainers, 486 losers and 368 counters unchanged.
The Malaysian stock market closed at 1,858.26 points on Wednesday, up 0.54% from its previous close.
Despite anticipated uncertainties when the market re-opened on Monday after the nation’s 14th General Elections, encouraging signs emerged early and prevailed, with strong support from both local and foreign buyers which saw the market remaining stable throughout the first half of the week.
The ringgit closed lower today against the US dollar as the greenback strengthened across emerging markets in Asia, said a dealer.
At 6pm, the ringgit was quoted at 3.9540/9580 against the US dollar from Monday's close of 3.9480/9530.