Cheetah Holdings Bhd up 3.5 sen at 93.5 sen
Eng Kah Corp Bhd up three sen at RM2.43
Genetec Technology Bhd up 26 sen at RM2.89
PA Resources Bhd up two sen at 22 sen
Pineapple Resources Bhd up two sen at 67.5 sen
QES Group Bhd up 1.5 sen at 42 sen
Tasco Bhd unchanged at RM4.06
Lien Hoe Corp Bhd up four sen at 36 sen
Milux Corp Bhd down seven sen at RM2.83
Sarawak Consolidated Industries Bhd (SCIB) down 21 sen at RM2.78
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
At 9.05am, the FBM KLCI rose 3.17 points to 1,612.69.
The early gainers included Milux Corp Bhd, PMB Technology Bhd, Kobay Technology Bhd, Malaysian Pacific Industries Bhd, Far East Corp Bhd, Tasco Bhd, ViTrox Corp Bhd and Mesiniaga Bhd.
Bloomberg said Asian equities pushed higher on Tuesday and bond yields ticked up as investors awaited comments from Treasury Secretary nominee Janet Yellen on US stimulus and the dollar.
Rakuten Trade said Wall Street was closed yesterday but Biden’s inauguration on Wednesday may spur some buying interests going forward.
The research house said that already the Dow Jones Industrial Average futures is trending at positive levels.
KUALA LUMPUR (Jan 19): The main index of Bursa Malaysia made less-than-convincing gains in the mid-morning today as the government’s RM15 billion Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) assistance package did not seem to boost sentiment, which appeared to be more influenced by the coronavirus pandemic.
At 10am, the FBM KLCI had gained 4.92 points to 1,614.44.
Losers led gainers by 416 to 404, while 420 counters traded unchanged. Trading volume was 1.75 billion shares valued at RM1.03 billion.
The gainers included Milux Corp Bhd, Toyo Ventures Holdings Bhd, PMB Technology Bhd, Cymao Holdings Bhd, Far East Corp Bhd and Khind Holdings Bhd.
The actively traded stocks included Vsolar Group Bhd, ARB Bhd, KTG Bhd, PNE PCB Bhd, JAKS Resources Bhd, i-Stone Group Bhd, Samaiden Group Bhd and Dagang NeXchange Bhd (DNeX).
KUALA LUMPUR (Jan 19): The main index at Bursa Malaysia pared some of its gains at the midday break Tuesday as broader market sentiment appeared lukewarm to the government’s RM15 billion Perlindungan Ekonomi dan Rakyat Malaysia (Permai) assistance package.
At 12.30pm, the FBM KLCI was up 2.78 points to 1,612.30. The index had earlier climbed to a high of 1,618.41.
Declining issuers led advancers by 370 to 365, while 728 counters traded unchanged. Trading volume was 4.16 billion shares valued at RM2.50 billion.
The gainers included Nestle (M) Bhd, Toyo Ventures Holdings Bhd, Milux Corp Bhd, PMB Technology Bhd, Khind Bhd, Samaiden Group Bhd and Carlsberg Brewery Malaysia Bhd.