At Bursa, Public Bank jumped RM1.30 to RM13.96, Hong Leong Bank added 94 sen to RM12.92, HLFG 90 sen to RM12.28.
KUALA LUMPUR: Bursa Malaysia’s blue chips staged a major rebound on Friday, the first in many weeks, as investor sentiment was shored up by central banks’ measures to cushion the fallout from the Covid-19 pandemic.
At 3.16pm, the FBM KLCI was up 67.11 points or 5.5% to 1,286.83. Turnover was 3.07 billion shares valued at RM1.89bil. There were 765 gainers, 180 losers and 215 counters unchanged.
Reuters reported in afternoon trade in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was 4.41% higher, ending a seven-sessions streak of losses.
But in an indication of the deep damage inflicted on global equities from pandemic fears, the index remains set to finish more than 10% lower this week. It lost 11.1% last week.
Reuters added European shares were set for similar gains. Early in the European day, pan-region Euro Stoxx 50 futures were up 1.87%, German DAX futures gained 1.86% and FTSE futures.
US S&P 500 e-mini stock futures also pointed to a brighter end to the week, adding 1.7%.
At Bursa, Public Bank jumped RM1.30 to RM13.96, Hong Leong Bank added 94 sen to RM12.92, HLFG 90 sen to RM12.28.
Petronas Gas and Petronas Dagangan rallied 90 sen each to RM15.50 and RM20.98. MAHB added 75 sen to RM4.82.
As for brewers, Carlsberg rallied RM2.46 to RM20.34 and Heineken RM2.02 to RM19.92.
Also trading higher in active trade were SAPURA ENERGY, Hibiscus Petroleum and Bumi Armada.
AIRASIA jumped 15 sen to 67 sen with 77.35 million shares done.
https://www.thestar.com.my/business/business-news/2020/03/20/bursa-charts-strongest-rebound-in-many-weeks
