KUALA LUMPUR, May 15 — Bursa Malaysia opened higher today in line with an overnight rally in the Wall Street and oil prices. At 9.05am, the FTSE Bursa Malaysia KCLI (FBM KLCI) rose 5.13 points to 1,402.56 compared to 1,397.25 at yesterday's close. The index opened 6.22 points higher at 1,403.47....
FTSE Bursa Malaysia KCLI breaks through the 1,400 barrier after gaining 6.22 points at the opening bell. — Picture by Hari Anggara
Rakuten Trade Research said the Dow Jones Index Average was up by almost 380 points to 23,625 despite the latest news of the bleak unemployment outlook in the US. In the meantime, oil and gas players may see renewed trading interest following the overnight rise in crude oil prices after International Energy Agency said there are signs of a recovery in the market despite demand is likely to drops this month.
As for financial, Public Bank went up eight sen to RM15.50 while Maybank was two sen higher at RM7.42.
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