Bursa Malaysia showed a lot of strength at mid-morning, with the FTSE Bursa All-Share Index up more than 90 points. The FTSE Bursa Malaysia KLCI (FBM KLCI) started off on a positive note. It went even higher, further demonstrating that investor confidence is clearly growing as market conditions continue to improve.
At 11:05 AM, the FBM KLCI surged by 67.74 points, reaching 1,468.33 after closing at 1,400.59 on Wednesday. The benchmark index was up 63.71 points and opened at 1,464.30 in the first tick of the trading day as domestic sentiment improved. That increase was primarily the result of value shopping against a backdrop of cooling worries over global trade war tensions.
The performance of other indices reflected this positive trend. FBM Emas Index jumped 531.86 points to finish at 10,875.64. At the same time, the FBMT 100 Index rose by 526.74 points to 10,675.58 in total. Likewise, the FBM Emas Shariah Index increased by 524.10 points to close at 10,626.79.
FBM 70 Index made a significant jump among the broader market indices, soaring 890.45 points to close at 15,272.82. Similarly, the FBM ACE Index increased by 207.13 points to settle at 4,353.39.
Market breadth remained very strong throughout the morning session. These bullish sentiments sent gainers way ahead of decliners, to a dazzling 972 to 139 lead. Besides, 250 counters were unchanged in total, while 1,005 counters were at standstill with no trade done and ten counters suspended.
The broader market was weak, with 2.36 billion shares exchanged, amounting to RM1.72 billion in value. This increase is most attributable to robust trading activity as investors rushed to capitalize on the positive market sentiment.
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