Energy bucks Bursa rise; CGS-CIMB ups end-2021 KLCI target

Energy bucks Bursa rise; CGS-CIMB ups end-2021 KLCI target

The Edge Markets - Malaysia·2020-12-16 15:02

KUALA LUMPUR (Dec 16): The FBM KLCI settled up 12.21 points or 0.73% at 1,686.23 during Bursa Malaysia’s afternoon break today amid broad-based buying across the exchange as Asian shares tracked US equities Tuesday overnight rise.

Malaysia’s share price rise today could have been partly due to news yesterday that Parliament voted 111-108 to approve the country’s 2021 budget. Such sentiment augured well for domestic political certainty, which bodes well for local markets also.

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