KUALA LUMPUR, Feb 25 (NNN-BERNAMA) — Bursa Malaysia closed on a positive note across the board today as political uncertainty subsided following several key announcements, including the appointment of Tun Dr Mahathir Mohamad as the interim Prime Minister.
This was following the chaotic political scenario over the weekend and on Monday, which culminated in Dr Mahathir resigning from the prime minister’s post, which led to the end of the Pakatan Harapan coalition and the dissolution of the cabinet.
At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.73 per cent or 10.82 points higher at 1,500.88, just a whisker above the 1,500 psychological support level, compared with yesterday’s close of 1,490.06.
Throughout the day, the index moved between 1,481.46 and 1,503.30 after opening at 1,481.46, which is its intraday low.
On the broader market, gainers outpaced losers 531 to 380 with 407 unchanged, 685 untraded and 21 counters suspended.
Turnover, meanwhile, shrank to 3.10 billion shares worth RM2.75 billion compared with yesterday’s 4.03 billion shares worth RM3.90 billion.
