KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
Manchester United has parted ways with manager Erik ten Hag following a disappointing start to the season, leaving the club languishing in 14th place in the Premier League. The decision comes after Ten Hag's side managed just three wins in their opening nine league games, with four defeats, including heavy losses to Liverpool and Tottenham. A 2-1 defeat to West Ham on Sunday proved to be his final game in charge.
Ten Hag, who joined United from Ajax in 2022, had won the League Cup in 2023 and the FA Cup earlier this year. However, the team has struggled to show signs of progress, and the Dutchman paid the price for United's poor start to the campaign, leaving them 12 points behind league leaders Manchester City.
"Erik ten Hag has left his role as Manchester United men’s first-team manager," the club said in a statement, expressing gratitude for his contributions and wishing him well for the future.
Ruud van Nistelrooy, one of Ten Hag's assistants and a former United striker, will take over as interim head coach while the club searches for a permanent replacement.
Ten Hag was initially tasked with revitalizing a club that has been in decline since the retirement of Alex Ferguson in 2013. Despite some early success, United failed to build on it, finishing eighth in the league last season, their worst in 34 years.
The club's new soccer leadership, led by Jim Ratcliffe, who recently took control of United's soccer operations, was reportedly dissatisfied with the team's progress under Ten Hag. The club is now in the process of appointing its sixth permanent manager since Ferguson's departure.
United's next game is a League Cup tie against Leicester at Old Trafford on Wednesday.
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