KUALA LUMPUR (Feb 9): The FBM KLCI rose today in line with most regional benchmark indices, following the overnight rally on Wall Street that took the US market to a new record high.
The KLCI closed 12.80 points or 0.81% higher at 1,586.13, shored up by counters such as Press Metal Aluminium Holdings Bhd, MISC Bhd and Genting Malaysia Bhd.
JF Apex Securities said in a note to clients that US markets rallied overnight to extend their winning streak and record highs, following a strong earnings season, progress in vaccination and stimulus talks.
“Similarly, European stocks advanced amid corporate earnings and developments in coronavirus vaccination,” the research house noted.
KUALA LUMPUR (Jan 20): The main index at Bursa Malaysia rose 0.58% at mid-morning today as index-linked glove makers advanced after the whole of Malaysia, with the exception of Sarawak, was placed under the Movement Control Order (MCO) from Jan 22 to Feb 4.
Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob yesterday said the measure was taken after the increasing positive Covid-19 cases in the community in the states involved.
At 10am, the FBM KLCI rose 9.37 points to 1,611.25.
Gainers led losers by 491 to 310, while 405 counters traded unchanged. Trading volume was 1.48 billion shares valued at RM963.75 million.
The gainers included JF Technology Bhd, Unisem (M) Bhd, KESM Industries Bhd, Malaysian Pacific Industries Bhd, Public Bank Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Top Glove Corp Bhd.
At 10am, the FBM KLCI was up six points at 1,642.69.
Gainers led losers by 498 to 387, while 357 counters traded unchanged. Trading volume was 1.61 billion shares valued at RM1.11 billion.
The gainers included Malaysian Pacific Industries Bhd, Press Metal Aluminium Holdings Bhd, Public Bank Bhd, UWC Bhd, Euro Holdings Bhd, Toyo Ventures Holdings Bhd, KESM Industries Bhd, Mi Technovation Bhd, KPower Bhd and Pentamaster Corp Bhd.
The actively traded stocks included Iris Corp Bhd, Kanger International Bhd, JCY International Bhd, Avillion Bhd, Melewar Industrial Group Bhd and Inix Technologies Holdings Bhd.
The decliners included Hartalega Holdings Bhd, Rapid Synergy Bhd, Fraser & Neave Holdings Bhd (F&N), Nestle (Malaysia) Bhd, Supermax Corp Bhd, TIME dotCom Bhd, Kossan Rubber Industries Bhd and Top Glove Corp Bhd.
The main index of Bursa Malaysia struggled to hold on to its gains at the midday break today as index-linked glove makers retreated, while broader market sentiment was mixed as investors appeared to have digested clarity of the country’s state of emergency and second movement control order (MCO 2.0) rules.
KUALA LUMPUR (Dec 30): The FBM KLCI closed up 9.42 points or 0.58% at 1,644.41 today after MSCI s gauge of Asia-Pacific shares climbed to a record high on world economic recovery bets in anticipation of continued global monetary and fiscal policy support. Fund managers’ portfolio window dressing is also seen contributing to Malaysian share gains.
Across Bursa Malaysia at 5pm, 7.82 billion securities were traded for RM3.65 billion. Stocks should return to base building mode to strengthen higher supports pending potential late window-dressing action ahead of the year-end,” TA Securities Holdings Bhd analysts wrote in a note today.
Globally, it was reported that Asian shares hit a record high on Wednesday with investors betting on a strong economic recovery next year, as there is little sign of policymakers winding back massive stimulus efforts aimed at staving off coronavirus-fuelled downturns.