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Saturday, 10 Apr 2021 10:19 AM MYT
Bursa Malaysia rebounded for the next three days of the week to end the week on a firm note on bargain-hunting, surpassing the 1,600 points psychological level. Bernama pic
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KUALA LUMPUR, April 10 The benchmark FBM KLCI is expected to trade higher next week, building on the stronger performance in the equities market, after bouncing off the critical level last week, said an analyst.
Maybank Investment Bank Bhd senior chartist Nik Ihsan Raja Abdullah said the local bourse could possibly see some minor consolidation due to profit-taking in property names after the recent rally, while banking stocks are expected to remain in a range-bound mode.
KUALA LUMPUR (April 10): The benchmark FBM KLCI is expected to trade higher next week, building on the stronger performance in the equities market, after bouncing off the critical level last week, said an analyst.
Maybank Investment Bank Bhd senior chartist Nik Ihsan Raja Abdullah said the local bourse could possibly see some minor consolidation due to profit-taking in property names after the recent rally, while banking stocks are expected to remain in a range-bound mode.
“However, buying interest could expand further in healthcare names with the technology sector set to make a comeback after underperforming its peers for the past two weeks.
Bursa Malaysia bucks regional trend to end the week higher 09 Apr 2021 / 18:30 H.
KUALA
LUMPUR: Bursa Malaysia ended the week higher, extending gains for the third day running today, bucking the regional trend, on continued buying support in the telecommunications and media sectors.
At 5 pm, the FBM KLCI ended 9.85 points firmer at 1,612.25 compared with Thursday’s close of 1,602.40.
The index opened 12.55 points higher at 1,614.95, and moved between 1,605.37 and 1,615.49 throughout the session.
However, on the broader market, losers beat gainers 558 versus 511, while 453 counters were unchanged, 636 untraded and nine others suspended.
Total volume decreased to 6.58 billion shares valued at RM4.14 billion from 7.6 billion shares valued at RM4.89 billion on Thursday.
Friday, 09 Apr 2021 05:52 PM MYT
Bursa Malaysia ended the week higher, extending gains for the third day running today, bucking the regional trend, on continued buying support in the telecommunications and media sectors. Bernama pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, April 9 Bursa Malaysia ended the week higher, extending gains for the third day running today, bucking the regional trend, on continued buying support in the telecommunications and media sectors.
At 5pm, the FBM KLCI ended 9.85 points firmer at 1,612.25 compared with yesterday’s close of 1,602.40.
The index opened 12.55 points higher at 1,614.95, and moved between 1,605.37 and 1,615.49 throughout the session.