FBM KLCI Remains Positive Since Early Week

thecekodok


Bursa Malaysia rose for a third straight day as the recovery continued in the local market despite easing concerns over inflation risks and tariff threats.


At 3.40pm, the benchmark index rose 8.10 points (0.51%) to 1,572.82 with the biggest gain driven by data centre construction.


Meanwhile, funds also flowed into lower-priced stocks with the bourse registering 538 gains against 315 losses.


Volume was 1.64 billion shares changing hands for RM1.15 billion.


Shares in Gamuda rose 21 sen to RM4.39 while YTL Power rose 12 sen to RM3.16, as investors took the counter after the sharp selling pressure in the previous week triggered by China's DeepSeek AI breakthrough.


Globally, equity markets moved lower as disappointing earnings from Alphabet cast uncertain light on the health of corporates in the latest quarter.


US futures are seen retreating, on track to open weaker while most Asian markets are also in the red.

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