KUALA LUMPUR (Jan 12): The main index of Bursa Malaysia remained lacklustre today following the reinstatement of the movement control order (MCO) in several states.
Yang di-Pertuan Agong Al-Sultan Abdullah Ri ayatuddin Al-Mustafa Billah Shah today also consented to the proclamation of emergency until Aug 1, 2021 to contain Covid-19.
At 10am, the FBM KLCI had lost 10.77 points to 1,606.48.
Market breadth was negative with 511 losers and 321 gainers, while 393 counters traded unchanged. Trading volume was 1.88 billion shares valued at RM1.26 billion.
The decliners included Carlsberg Brewery Malaysia Bhd, Public Bank Bhd, PPB Group Bhd, Hong Leong Industries Bhd, Heineken Malaysia Bhd, Hong Leong Bank Bhd (HLB), KPower Bhd, UWC Bhd and Euro Holdings Bhd.
market open
KUALA LUMPUR: Glove makers underpinned the FBM KLCI’s advance in early Friday trade as Covid-19 cases continued to surge, prompting stronger demand, while investor sentiment was also shored up by firmer external markets.
At 9.23am, the KLCI was up 1.95 points or 0.12% to 1,604.90. Turnover was 651.82 million shares valued at RM412.90mil. However, decliners led advancers 316 to 277 and 362 counters unchanged.
Bloomberg reported Asian stocks followed their US peers higher as investors focused on the prospect of more stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
Stocks saw gains in Japan, South Korea and Australia. US futures were little changed after all major equity indexes notched records.
KUALA LUMPUR: Bursa Malaysia started Wednesday on a cautious note after two days of volatility, with Tenaga Nasional, IHH Healthcare, Hong Leong Bank and Public Bank weighing on the FBM KLCI.
and Top Glove underpinned the FBM KLCI’s advance.
At 5pm, the KLCI was up 9.42 points or 0.58% to 1,644.41. Turnover was 7.81 billion shares valued at RM3.65bil. Advancers led decliners 656 to 508 while 465 counters were unchanged.
Investors’ risk appetite perked up following the rally in key Asian markets, with Hong Kong, China and South Korea among the top gainers.
At Bursa, despite some profit taking in the last hour of trade, last minute buying helped the KLCI close higher.
Consumer stocks were mixed with F&N rallying 96 sen to RM32.68 and Dutch Lady 78 sen to RM37.88 but Heneiken fell 24 sen to RM23.20.