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Investors rejoice over government's special stimulus package for SMEs

7 Apr 2020, 1:38 AM
Investors rejoice over government's special stimulus package for SMEs

KUALA LUMPUR, April 7 — Bursa Malaysia opened higher today as the market rejoiced over the government's RM10 billion special stimulus package targeted at the small and medium-sized enterprises (SMEs), the backbone of the country's economy.

Market breadth was positive with gainers outnumbered losers 417 to 33, while 120 counters were unchanged, 1,351 untraded and 21 others suspended.

Turnover stood at 256.46 million worth RM87.31 million.

At 9.01 am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.32 points, or 1.06 per cent to 1,356.01 from 1,330.65 at Friday’s close.

The key index opened 13.82 points firmer at 1,355.51.

— Bernama

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