Bursa Malaysia closes higher as govt unveils RM10b special stimulus package

KUALA LUMPUR: Bursa Malaysia closed higher on Monday as the government unveiled a special stimulus package worth RM10 billion aimed at small and medium enterprises to soften the impact of the movement control order (MCO) due to the COVID-19 pandemic .

At 5pm, key index FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.04 points, or 0.83 per cent, to close at 1,341.69 from 1,330.65 at Friday’s close.

The index opened 1.96 points firmer at 1,332.61 at 9am and hovered between 1,324.43 and 1,343.05 throughout the day.

Market breadth was positive, with gainers thumping losers 738 to 183, while 281 counters were unchanged, 719 untraded and 21 others suspended.

Turnover increased to 5.98 billion shares worth RM2.60 billion from 5.34 billion shares worth RM2.48 billion recorded on Friday. -Bernama

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