Saturday, 24 Oct 2020
13/10/2020 06:09 PM

By Niam Seet Wei

KUALA LUMPUR, Oct 13 -- Bursa Malaysia ended on a positive note today, as increased clarity in the political landscape rekindled risk-on mood.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 6.77 points, or 0.45 per cent, firmer at 1,525.20 compared to Monday’s close of 1,518.43.

The market barometer opened 4.25 points easier at 1,514.18, and moved between 1,512.46 and 1,527.04 throughout the day.

Market breadth across the board turned positive with gainers overtaking losers 478 to 460, while 468 counters were unchanged, 719 untraded and 19 others suspended.

Total volume slipped to 5.96 billion units worth RM3.88 billion from 5.97 billion units worth RM3.82 billion on Monday.

A dealer said blue-chip counters in particular had regained traction since mid-afternoon trading, as investors saw political clarity with no major announcement being made by opposition leader Datuk Seri Anwar Ibrahim today.

Meanwhile, Rakuten Trade Sdn Bhd head of research Kenny Yee said today’s gains were also supported by bargain-hunting activities seen in selected index-linked counters.

“Other than that, we believe the Conditional Movement Control Order (CMCO) in Selangor, Kuala Lumpur, Putrajaya and Sabah would have minimal impact on the stock market.

“Unlike the MCO which was implemented in March, most businesses can still run as usual this time around,” he told Bernama.

The CMCO in Selangor, Kuala Lumpur and Putrajaya will be effective from midnight today to Oct 27, while in Sabah, it is running from today until Oct 26.

Asked if Chinese Foreign Minister Wang Yi’s two-day visit from today boosted demand for pharmaceutical counters, Yee said it was too soon to reflect in the market as no concrete deal had been signed.

Foreign Minister Datuk Seri Hishammuddin Tun Hussein said today that China had agreed to list Malaysia as a priority recipient of the China-produced COVID-19 vaccine once it was successfully developed.

Among the 30 FBM KLCI counters, more than half were in green, led by Petronas Chemicals which rose 15 sen to RM6.14. Top Glove bagged 12 sen to RM9.09, Maxis added nine sen to RM5.12, IHH was seven sen firmer at RM5.06 and Public Bank advanced 14 sen to RM15.96.

The most active counters included Advance Synergy and Kanger International which gained 1.5 sen each to 22 sen and 20 sen, respectively. V Solar shed half-a-sen to 3.5 sen while AT Systematization and AirAsia X were flat at seven sen and four sen, respectively.

Top gainers included Nestle, which surged RM1.08 to RM33.38, while Rubberex improved 92 sen to RM7.40, Nestle soared 90 sen to RM140.00, Comfort was 53 sen higher at RM4.39 and Careplus added 30 sen to RM3.72.

On the index board, the FBM Emas Index climbed 46.32 points to 11,014.84, the FBMT 100 Index lifted 46.10 points to 10,832.99 and the FBM Emas Shariah Index advanced 77.51 points to 13,183.81. 

The FBM 70 expanded 53.76 points to 14,466.06 and the FBM ACE bagged 122.56 points to 10,702.52.

The Financial Services Index strengthened 16.69 points to 12,561.68, the Plantation Index grew 31.08 points to 7,033.26 and the Industrial Products and Services Index edged up 1.44 points to 143.76.

Main Market volume narrowed to 3.76 billion shares worth RM3.03 billion from 3.97 billion shares worth RM3.10 billion on Monday.

Warrants turnover fell to 469.04 million units valued at RM118.50 million versus 653.87 million units valued at RM163.37 million previously.

Volume on the ACE Market expanded to 1.73 billion shares worth RM734.66 million against 1.34 billion shares worth RM552.21 million yesterday.

Consumer products and services accounted for 1.84 billion shares traded on the Main Market, industrial products and services (721.66 million), construction (217.58 million), technology (246.29 million), SPAC (nil), financial services (32.45 million), property (248.76 million), plantations (81.92 million), REITs (5.80 million), closed/fund (nil), energy (128.36 million), healthcare (120.83 million), telecommunications and media (35.81 million), transportation and logistics (34.75 million), and utilities (51.39 million).

-- BERNAMA

 

 

ABOUT US

Malaysian National News Agency
Wisma BERNAMA
No.28 Jalan BERNAMA
Off Jalan Tun Razak
50400 Kuala Lumpur
Malaysia

Tel : +603-2693 9933 (General Line)
Email : helpdesk[at]bernama.com

Categories

General
Business
Sports
Politics
World
Features
Thoughts
Infographics
Videos
Images
Exclusive Press

Copyrights

Disclaimer
Privacy Policy
Security Policy