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KUALA LUMPUR (March 17): The FBM KLCI erased losses to close marginally higher today on last-minute buying interest ahead of the government’s announcement of a new stimulus package. The benchmark index closed 1.01 points or 0.06% higher at 1,624.97 after having stayed in negative territory for the most part of the trading session. A remisier, Jeffry Azizi Jaafar, said the drop in the index earlier was due to a correction in prices following the rally in the past three weeks. “The market saw financial, plantation and technology [stocks] fall due to a consolidation after recent strong gains on market recovery optimism, driven by the ongoing vaccination programme and a decline in daily [new] Covid-19 infections,” he told ....
KUALA LUMPUR (March 17): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. Only one stock displayed positive momentum, while 11 showed negative momentum. The stock with positive momentum was: WZ Satu Bhd up 1.5 sen at 23.5 sen The stocks with negative momentum were: Al-Salam Real Estate Investment Trust (REIT) unchanged at 60.5 sen Barakah Offshore Petroleum Bhd up four sen at 11.5 sen Compugates Holdings Bhd unchanged at three sen Dynaciate Group Bhd up half a sen at 15.5 sen Lotus KFM Bhd up three sen at 29 sen MNRB Holdings Bhd up nine sen at RM1.42 Multi-Usage Holdings Bhd up 17 sen at 66.5 sen ....