KUALA LUMPUR (Feb 2): The main index at Bursa Malaysia got into consolidation mode in the morning trade session Tuesday and pared some of its gains at midday break, against the backdrop of firmer regional markets.
At 12.30pm, the FBM KLCI was up 12.07 points to 1,578.47. The index had earlier risen to a high of 1,585.18.
Losers overtook gainers by 541 to 527, while 422 counters traded unchanged. Trading volume was 3.97 billion shares valued at RM2.64 billion.
The gainers included Kuala Lumpur Kepong Bhd, Petronas Dagangan Bhd, Frontken Corp Bhd, Hengyuan Refining Company Bhd, Hartalega Holdings Bhd, Nestle (M) Bhd and Tasco Bhd.
The actively traded stocks included Iris Corp Bhd, Trive Property Group Bhd, EA Holdings Bhd, GPAS Holdings Bhd, AT Systematization Bhd and QES Group Bhd.
Rakuten Trade Research vice president Vincent Lau told
theedgemarkets.com today the biggest driver of the KLCI’s rise is the passing of Budget 2021 at third reading in parliament this afternoon.
The news reported that the third reading of Budget 2021 was passed in Dewan Rakyat today after the opposition lost another en bloc vote by a razor-thin margin.
A total of 111 Members of Parliament voted in favour of Budget 2021, which was proposed by the Perikatan Nasional government, versus 108 who voted against the budget, while one was absent.
Across Bursa Malaysia today, sentiment was mixed with 657 gainers versus 524 decliners, while 525 counters were unchanged. A total of 9.96 billion securities were traded for RM5.09 billion, lower than the 11.88 billion units worth RM7.09 billion recorded yesterday.
KUALA LUMPUR (Dec 10): The FBM KLCI continued to advance today, constituting the third consecutive trading day of gains.
The local headline index closed 0.48% or 7.96 points higher at 1,654.39 points, the highest it has been in 18 months.
The counters that lifted the index were banking stocks CIMB Group Holdings Bhd, Hong Leong Financial Group Bhd (HLFG) and rubber glove manufacturer Top Glove Corp Bhd.
CIMB finished 5.68% or 23 sen higher at RM4.28 while HLFG was up 2.27% or 40 sen higher at RM18. As for Top Glove, it finished 2.19% or 15 sen higher at RM6.99.
Conversely, the top decliners today were MISC Bhd, Hartalega Holdings Bhd and Petronas Dagangan Bhd (PetDag).