25-04-2025
- Business
- New Straits Times
Bursa Malaysia ends higher as trade fears ease
KUALA LUMPUR: Bursa Malaysia ended higher today, supported by easing concerns over the US-China trade war, following a less confrontational stance from US President Donald Trump.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 2.68 points or 0.18 per cent to 1,509.20 from Thursday's close of 1,506.52.
Market breadth was positive, with 651 gainers outpacing 325 decliners, while 434 counters were unchanged, 1,008 were untraded and 40 suspended.
Turnover rose to 3.1 billion units valued at RM1.95 billion against Tursday's 3.08 billion units valued at RM2.14 billion.
Malacca Securities Sdn Bhd said the local bourse extended its gains amid reduced geopolitical uncertainty, driven by the softer rhetoric from Trump on trade tensions with China.
It noted that the industrial products and services stocks such as Petronas Chemicals Group Bhd lifted the market sentiment.
"The technology sector led gains after heavy selling in early April, while financial stocks traded marginally lower by 0.03 per cent," it added.
