The FBM KLCI managed to end the week in the positive zone after it started the first trading week on a bearish note on Monday. It gained 0.37% to close at 1,633.19 points as the three glove stocks, particularly Supermax Corp Bhd, recovered from the selldown that was partly driven by regulated short selling (RSS) on Monday.
Thursday, 31 Dec 2020 06:02 PM MYT
An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari Anggara
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KUALA LUMPUR, Dec 31 Bursa Malaysia ended the year 2020 broadly lower in line with most regional markets, with the key index shedding 1.05 per cent weighed down by selling in heavyweights led by Sime Daby Plantation and IHH Healthcare.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 17.20 points to finish at 1,627.21, its intraday low, after hitting a high of 1,644.26 earlier.
KUALA LUMPUR (Dec 31): Bursa Malaysia continued its downtrend to end the morning trading session lower, as its key index was dragged down by persistent selling activities in heavyweights, led by Sime Darby Plantation and Press Metal Aluminium.
At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.04 points to 1,635.37, after moving between 1,633.30 and 1,644.26 throughout the session.
The index opened 0.15 of-a-point easier at 1,644.26, compared to Wednesday’s close of 1,644.41.
On the broader market, losers outpaced gainers 560 to 402, while 484 counters were unchanged, 675 untraded and 56 others suspended.
Volume stood at 2.98 billion units worth RM1.49 billion.
Sime Darby Plantation fell 17 sen or 3.29% to RM5 after the United States Customs and Border Protection imposed a ban on its products over allegations of forced labour in its production process.
Thursday, 31 Dec 2020 11:38 AM MYT
At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 10.29 points to 1,634.12 after opening at 1,644.26. ― Picture by Hari Anggara
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KUALA LUMPUR, Dec 31 ― Bursa Malaysia remained lower at mid-morning today, as its key index fell 0.63 per cent, dragged down by heavyweights Sime Darby Plantations and Press Metal Aluminium.
At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 10.29 points to 1,634.12 after opening at 1,644.26.
Market breadth was easier as losers outpaced gainers 520 to 371, while 463 counters were unchanged, 767 untraded and 56 others suspended.
As at 3.05pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.78 points to 1,639.77.
The overall market breadth skewed towards positive territory with gainers outpacing losers 588 to 494, while 455 counters were unchanged, 591 untraded and 62 others suspended.
Volume stood at 5.55 billion units worth RM2.27 billion.
Other heavyweights, Petronas Chemicals, Top Glove and Hartalega surged 12 sen each to RM7.49, RM6.13 and RM12.06, respectively, while Hong Leong Bank advanced 10 sen to RM18.58, Maybank fell four sen to RM8.54, and Public Bank and TNB declined six sen to RM20.64 and RM10.52, respectively.
Among the actives, Sealink appreciated 4.5 sen to 21.5 sen, Pegasus edged up half-a-sen to three sen, MTouche was up one sen to eight sen, Parkson rose two sen to 21.5 sen, while Iris Corp was flat at 43.5 sen and Techna-X shed one sen to 16 sen.