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Healthcare, industrial products and services continue to support KLCI

KUALA LUMPUR (May 4): Bursa Malaysia ended the morning trading session on a firm note as gains in heavyweights  particularly the healthcare and industrial product and service counters  continued to support the barometer index. At the lunch break today, the benchmark FBM KLCI had expanded 6.18 points to 1,596.91 after opening 0.94 of a point better at 1,591.67. It moved between 1,587.87 and 1,597.42 throughout the morning session. On the overall market, gainers continued to dominate at 523 versus 405 losers, while 463 counters were unchanged, 761 untraded and six others suspended. Market volume stood at 4.07 billion worth RM2.2 billion.  A dealer said the healthcare counters, especially the rubber glove makers, continued to trend higher as Covid-19 resurgence concerns lingered.

EVENING 5: Five things you need to know today

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Panasonic Manufacturing Malaysia says 116 employees at its manufacturing facilities in Shah Alam have tested positive for Covid-19. 2. The second largest shareholder of Bintai Kinden Corp has sold its entire 14.4% interest in the engineering and construction group. 3. Ex-Federal Territories Minister Tengku Adnan Tengku Mansor is found guilty of corruption, but gets a stay of execution pending his appeal. 4. The trial of four corruption charges against former Penang chief minister Lim Guan Eng will commence on June 8, 2021. 5. AirAsia X claims Malaysia Airports Holdings is not entitled to collect Passenger Service Charges in a defence it filed against the airport operator.

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