Bursa Malaysia extends uptrend in early trade 24 Dec 2020 / 10:22 H.
KUALA LUMPUR: Bursa Malaysia has extended its uptrend from yesterday to open slightly higher this morning, as market sentiment remained positive following the clarity on vaccine deliveries, dealers said.
At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.49 of-a-point to 1,647.99 after opening 1.58 points higher at 1,649.08.
On the broader market, gainers led losers 292 to 109, while 1,425 counters were unchanged, 322 untraded and 38 others suspended.
Volume stood at 1.03 billion units worth RM315.07 million.
In a note today, Malacca Securities Sdn Bhd expects the positive momentum to be sustained today, ahead of the long weekend.
Tuesday, 22 Dec 2020 11:49 AM MYT
Decliners far outnumbered advancers at 1,012 to 180, while 337 counters were unchanged, 608 untraded and 17 others suspended. ― Picture by Hari Anggara
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KUALA LUMPUR, Dec 22 Bursa Malaysia was broadly lower at mid-morning in tandem with global equities, as sentiment was spooked by the new Covid-19 virus strain that caused another lockdown in the United Kingdom.
At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 17.06 points or 1.04 per cent to 1,630.83 after moving between 1,627.22 and 1,647.36 during the session.
In a relatively weak market, decliners far outnumbered advancers at 1,012 to 180, while 337 counters were unchanged, 608 untraded and 17 others suspended.
Weak sentiment continues to weigh on KLCI at midday theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Boon or bane: As the HSR track will end in Bukit Chagar which connects to the RTS that leads to Woodlands, a source says commuters may opt for low-cost direct flights from Kuala Lumpur to Singapore.
AMONG the mega projects that Malaysia has, the Kuala Lumpur-Singapore High Speed Rail (HSR) has gone through many backs-and-forths.
The two-year deferral for the 350km project ends in 12 days and latest developments seem to point at Malaysia going at it alone.
A recent report states that Malaysia will have to pay its southern counterpart a compensation of RM300mil since it is now no longer part of the plan.