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.
KUALA LUMPUR (Jan 20): The main index at Bursa Malaysia rose 0.81% at the midday break Wednesday as renewed buying interest in index-linked glove makers lifted the index after the whole of Malaysia, with the exception of Sarawak, was placed under the movement control order (MCO) from Jan 22 to Feb 4.
At 12.30pm, the FBM KLCI rose 12.98 points to 1,614.86.
Gainers led losers by 390 to 324, while 736 counters traded unchanged. Trading volume was 3.08 billion shares valued at RM2.09 billion.
The gainers included Public Bank Bhd, JF Technology Bhd, Unisem (M) Bhd, Mi Technovation Bhd, Malaysian Pacific Industries Bhd, Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd.
At 9.05am, the FBM KLCI rose 3.17 points to 1,612.69.
The early gainers included Milux Corp Bhd, PMB Technology Bhd, Kobay Technology Bhd, Malaysian Pacific Industries Bhd, Far East Corp Bhd, Tasco Bhd, ViTrox Corp Bhd and Mesiniaga Bhd.
Bloomberg said Asian equities pushed higher on Tuesday and bond yields ticked up as investors awaited comments from Treasury Secretary nominee Janet Yellen on US stimulus and the dollar.
Rakuten Trade said Wall Street was closed yesterday but Biden’s inauguration on Wednesday may spur some buying interests going forward.
The research house said that already the Dow Jones Industrial Average futures is trending at positive levels.
The tech stock rally yesterday, fuelled by anticipation of higher demand for tech products amid fresh global lockdowns that saw certain counters hit limit-up, faltered today as investors took their feet off the pedal to take in profit, according to market observers.
At 10.01am, the FBM KLCI was down 11.40 points at 1,615.61.
Market breadth was tepid with 551 losers and 311 gainers, while 354 counters traded unchanged. Trading volume was 1.73 billion shares valued at RM840.78 million.
The top losers included Nestle (Malaysia) Bhd, Heineken Malaysia Bhd, Kuala Lumpur Kepong Bhd (KLK), Euro Holdings Bhd, PPB Group Bhd, Hong Leong Bank Bhd (HLB), Asia File Corp Bhd, Malaysia Airports Holdings Bhd (MAHB) and Hong Leong Capital Bhd.
The actively traded stocks included Pegasus Heights Bhd, XOX Bhd, PNE PCB Bhd, Kanger International Bhd and AT Systematization Bhd.
The gainers included Malaysian Pacific Industries Bhd, Kobay Technology Bhd, JF Technology Bhd, PMB Technology Bhd, UWC Bhd, Dutch Lady Milk Industries Bhd and G3 Global Bhd.