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KLCI closes slightly higher on buying ahead of stimulus package announcement

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 ....

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FBM KLCI ends higher as bargain hunters flock into glove-linked stocks

KUALA LUMPUR (March 3): The FBM KLCI mirrored regional peers’ performance to close higher by 1.18% or 18.58 points, as bargain hunters made a comeback for rubber glove-linked stocks after their shares price slumped due to developments on the Covid-19 vaccines.
At 5pm, the benchmark index closed at 1,588.45 points after trading between 1,568.67 and 1,583.43. KLCI constituents Supermax Corp Bhd, Top Glove Corp Bhd and Hartalega were among blue-chips that powered the benchmark index today.
Supermax rose 55 sen or 13.38% to close at RM4.66, Hartalega added 44 sen or 4.68% at RM9.85, while Top Glove climbed 34 sen or 7.16% to RM5.09. They were among Bursa’s top gainers by value today. ....

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KLCI closes lower as investor sentiment weighed by overnight tech sell-off on Nasdaq

KLCI closes lower as investor sentiment weighed by overnight tech sell-off on Nasdaq
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.

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FBM KLCI ends higher on final-hour buying

KUALA LUMPUR (Feb 4): The FBM KLCI closed up 1.91 points or 0.12% at 1,584.90 today, after erasing losses in the final trading hour on bargain hunting and as investors weighed Prime Minister Tan Sri Muhyiddin Yassin’s special televised message on the Malaysian government’s measures to curb the spread of the Covid-19 pandemic.
The KLCI had earlier today fallen to its intraday low at 1,576.33 with Asian equity indices, as a spike in short-term Chinese interest rates fanned worries about policy tightening in the world s second-largest economy.
There s persistent speculation that the Chinese authorities may want to tighten its policy,”
Reuters quoted Wang Shenshen, senior strategist at Mizuho Securities, as saying. ....

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KLCI closes lower as investors take profit ahead of extended weekend

The benchmark index closed 0.38% or 6.33 points lower at 1,641.17.
Investors offloaded their holdings ahead of the long Christmas weekend, remisier Jeffry Azizi Jaafar told theedgemarkets.com.
He said sentiment was cautious as the country s Covid-19 cases remained high, especially among foreign workers.
Jeffry expects the KLCI to stay muted next week in the absence of window-dressing activities.
On the broader market, 587 counters ended lower versus 514 gainers, while 480 others were unchanged.
A total of 6.67 billion securities worth RM2.83 billion were traded. This is the lowest trading value since Oct 1 when it stood at RM2.61 billion.
Yesterday, 6.31 billion securities changed hnads at a total value of RM3.41 billion. ....

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