KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
Key Takeaway: Several international airlines have resumed flights to Bali following multiple eruptions of Mount Lewotobi Laki-laki that disrupted travel and forced cancellations.
International flights to Bali have gradually resumed after the Mount Lewotobi Laki-laki volcano erupted, sending ash up to 10km into the air and causing widespread flight disruptions. Over 160 flights were canceled between Nov 4 and Nov 13, with 91 cancellations on Wednesday alone, according to Ahmad Syaugi Shahab, general manager of Bali’s Ngurah Rai airport.
Virgin Australia confirmed it has resumed all scheduled flights, while Jetstar and Qantas have restarted some flights as conditions improved. However, 41 flights remain canceled, affecting routes from Singapore, India, Qatar, and Australian cities.
The eruption on Nov 3 killed nine people, damaged over 2,000 homes, and led to the evacuation of 13,000 residents. Indonesian Vice President Gibran Rakabuming Raka is visiting the affected areas to assess damage and provide aid.
Indonesia, with close to 130 active volcanoes, sits along the Pacific "Ring of Fire", making it highly prone to seismic and volcanic activity.
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