KUALA LUMPUR (July 6): Last year s stock market rally was unexpected against the backdrop of the Covid-19 pandemic. Ample liquidity as a result of low interest rates globally was the main fuel to the sharp rebound.
In Malaysia, loan moratorium granted by Bank Negara Malaysia added additional fuel. More interestingly, the long absent retail investors returned to dominate the local market.
Retail investors are given a six-month loan moratorium again, however research analysts and fund managers doubt that it would help stage another rally like last year. The reason is that more people are likely to face even tighter cash flow compared with a year ago, no thanks to coronavirus.
KUALA LUMPUR (March 2): The FBM KLCI closed higher by 0.17% or 2.73 points as investors engaged in stock-picking amid sector rotational play, while the positive sentiment generated from Wall Street’s overnight surge has also spilt over to the local market.
At 5pm, the benchmark index closed at 1,569.87 points. Today, the index had only been trading in the positive territory throughout the trading session, ranging between 1,568.67 and 1,583.43.
Among the 30 FBM KLCI constituents, 18 stocks were higher, nine were lower while three traded flat. Gains were led by IHH Healthcare Bhd, which jumped 21 sen or 3.97% to RM5.50, followed by Dialog Group Bhd and MISC Bhd.
Bursa Malaysia s KLCI breaches 1,580-point level at close as investors regain confidence | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
25 Feb 2021 / 20:41 H.
KUALA
LUMPUR: Bursa Malaysia’s key index breached the resistance level of 1,580 at the close as investors regained confidence following the official start of the National Covid-19 Immunisation Programme on Wednesday.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) surged 23.99 points, or 1.54 per cent, to 1,581.54 from 1,557.55 at Wednesday’s closing.
The key index opened 9.35 points firmer at 1,566.90 and hovered between 1,565.77 and 1,587.11 throughout the day.
Market breadth was positive with gainers outpacing losers 857 to 402, while 411 counters were unchanged, 528 untraded and 71 others suspended.
Total volume was lower at 10.44 billion units worth RM6.57 billion compared with 12.70 billion units worth RM7.01 billion on Wednesday.
PETALING JAYA: The decline in Malaysia’s 2020 net foreign direct investment (FDI) to 0.7% of gross domestic product (GDP) is not unusual, although it .