Higher on strong GDP

BURSA Malaysia ended higher, as the stronger-than-expected third quarter (Q3) gross domestic product (GDP) released yesterday injected more investor confidence into the local market.

Affin Hwang Investment Bank VicePresident/Head of Retail Research Datuk Dr Nazri Khan Adam Khan told Bernama that the Q3 GDP, which climbed 6.2% from 4.3% in the same period last year, was the best result since three years ago.

The benchmark FBM KLCI gained 3.55 points or 0.20% to 1,721.66 from 1,718.11 on Thursday.

The index opened 2.7 points better at 1,720.81 and moved between 1,719.87 and 1,725.69 throughout the day. — Bernama

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