![[UPDATED] Bursa Malaysia ends morning session on firm note](https://media.thevibes.com/images/uploads/covers/_large/14122020-KUL-bursa_malaysia-_vibes_pic.jpg)
KUALA LUMPUR – Bursa Malaysia ended the morning session on a firm note, extending yesterday’s gains on positive sentiment surrounding the market brought on by the approval of Budget 2021 by Parliament yesterday.
Dealers said the performance was in line with regional peers, which took cue from United States stocks, which rose sharply overnight as investors reacted to signs that a fiscal-stimulus bill is expected to be passed soon.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.21 points to 1,686.23 from yesterday’s close of 1,674.05.
It opened 20.31 points higher at 1,694.33 and moved between 1,685.48 and 1,695.87 in the morning session.
On the broader market, gainers outpaced losers 791 to 380, while 466 counters were unchanged, 507 untraded and 18 others suspended.
Volume stood at 6.72 billion units worth RM2.74 billion.
At 9.09am, the benchmark FTSE Bursa Malaysia KLCI was 13.99 points higher at 1,688.01 compared with yesterday’s close of 1,674.05.
It opened 20.31 points lower at 1,694.33. – Bernama, December 16, 2020
