5:55 PM MYT
Public Bank, whose four-for-one bonus issue will go ex on Jan 26, rallied RM1.32 to RM21.40 with 9.83 million shares done. This was the highest close since Dec 18.
KUALA LUMPUR: Bursa Malaysia closed broadly higher on Wednesday with 950 counters in the positive zone. Public Bank was the top gainer while other banks rode on its coattails.
At 5pm, the FBM KLCI was up 24.65 points or 1.53% to 1,636,69. Turnover was 7.12 billion shares valued at RM5.10bil. Advancers beat decliners 2.7 to one or 950 gainers to 348 losers and 308 counters unchanged.
Investors took heart the Movement Control Order 2.0 which came into effect on Wednesday would have less an adverse economic impact unlike the first round in mid-March last year, as important economic and financial sectors would remain open.