KUALA LUMPUR (May 18): The FBM KLCI closed up 6.72 points or 0.48% at 1,410.16 today, as trade volume across Bursa Malaysia rose to another record high in less than a week at 11.21 billion securities. Trade volume rose, as higher crude oil prices led to heavy trading of shares in Bursa Malaysia-listed oil and gas-related companies.
At 5pm, Bursa saw 11.21 billion securities worth RM4.41 billion traded across the exchange.
Globally, It was reported that oil prices climbed by more than US$1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery, amid easing coronavirus curbs, with U.S. oil showing no signs of last month's contract expiry price rout.
Reuters reported Brent crude was up US$1.06 or 3.3% at US$33.56 a barrel by 0452 GMT, after touching its highest since April 13. U.S. West Texas Intermediate crude was up US$1.29 or 4.4% at US$30.72 a barrel, after rising to its highest since March 16.
Trade volume across Bursa closed up at another all-time high today,
after rising on Wednesday (May 13) to the previous record high of 9.59
billion units, as the spectre of a resurgence of the Covid-19 outbreak
dictated world stock market sentiment then.
Prior to Wednesday, Bursa’s all-time high trading volume was on Aug 20, 2014, when the exchange saw 7.67 billion securities transacted.
Source: The Edge
Prior to Wednesday, Bursa’s all-time high trading volume was on Aug 20, 2014, when the exchange saw 7.67 billion securities transacted.
Source: The Edge
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