KUALA LUMPUR: Investors’ appetite for riskier assets on the first trading day of the Year of the Ox and a jump in crude oil prices enabled the FBM KLCI to close above the critical 1,600 on Monday.
KUALA LUMPUR (Feb 10): The main index at Bursa Malaysia eked out limited gains at the midday break today as investor sentiment turned tepid.
At 12.30pm, the FBM KLCI was up 1.05 points at 1,587.18. The index had earlier risen to a high of 1,592.27.
Losers led gainers by 443 to 274, while 731 counters traded unchanged. Trading volume was 2.97 billion shares valued at RM1.83 billion.
The gainers included Ann Joo Resources Bhd, Hartalega Holdings Bhd, Cymao Holdings Bhd, Euro Holdings Bhd, Widetech (M) Bhd, Aeon Credit Service (M) Bhd and Paragon Union Bhd.
The actively traded stocks included Dagang NeXchange Bhd, AirAsia X Bhd, EA Holdings Bhd, Velesto Energy Bhd, Iris Corp Bhd, Lion Industries Bhd, Opcom Holdings Bhd, AirAsia Group Bhd, Yong Tai Bhd and Foundpac Group Bhd.
The stocks with negative momentum were:
Eng Kah Corp Bhd up five sen at RM1.97
Eupe Corp Bhd up five sen at 94 sen
Globaltech Formation Bhd up six sen at 51 sen
Malaysia Smelting Corp Bhd up 16 sen at RM1.74
Multi-Usage Holdings Bhd up three sen at 65.5 sen
Paragon Union bhd up 23 sen at RM1.20
Rhone Ma Holdings Bhd up 2.5 sen at 87.5 sen
Sarawak Consolidated Industries Bhd up five sen at RM2.19
Scicom (MSC) Bhd down 1.5 sen at 98.5 sen
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.