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KUALA LUMPUR: Bursa Malaysia closed higher today as investors reacted positively to the appointment of the new Bank Negara Malaysia (BNM) Governor, Datuk Nor Shamsiah Mohd Yunus.

A dealer said with Nor Shamsiah’s vast experience in the industry, the appointment had boosted investors’ confidence in the local market.

At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) went up 1.83 points, or 0.11 per cent, to finish at 1,694.15 from Thursday’s close of 1,692.32.

The index opened 9.35 points lower at 1,682.97 and moved between 1,678.03 and 1,699.95 throughout the day.

Market breadth was positive with gainers outpacing losers 480 to 350, while 417 counters were unchanged, 679 untraded and 31 others suspended.

Volume, however, was lower at 2.0 billion shares worth RM2.22 billion from 2.12 billion shares worth RM2.67 billion yesterday. — BERNAMA

Source: https://www.nst.com.my/business/2018/06/382895/new-bnm-governor-appointment-lifts-bursa-malaysia-close