By Abdul Hamid A Rahman
KUALA LUMPUR, March 27 (Livevartha) — Bursa Malaysia continued to rise for the third consecutive day today, driven by renewed investor confidence and a strategic realignment, said UOB Kay Hian Wealth Advisors Sdn Bhd Head of Investment Research Mohd Sedek Jantan.
He said Malaysia emerged as the best performing market in Asia today, highlighting its increasing resilience and attractiveness among investors.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.16 per cent or 17.68 points to end at a daily high of 1,535.73 from 1,518.05 at the close on Wednesday.
The benchmark index opened 4.97 points lower at 1,513.08 and later declined to a daily low of 1,512.81 before moving on an upward trajectory throughout the trade.
In the broader market, gainers outnumbered losers by 533 to 380 while 456 counters were unchanged, 1,100 were untraded and 160 others were suspended from trading.
Trading volume declined to 2.52 billion units worth RM2.41 billion from 3.11 billion units worth RM2.46 billion on Wednesday.
According to Mohd Sedek, the FBM KLCI maintained its upward momentum throughout the day, reversing the trend recorded in recent days.
"This strength continues despite lingering market concerns over the potential impact of auto tariffs proposed by US President Donald Trump — a policy that could disrupt global supply chains," he told Livevartha.
