Monday, 19 Apr 2021 06:12 PM MYT
The barometer index opened 0.27 of-a-point weaker at 1,608.11 and fluctuated between 1,596.05 and 1,608.62 throughout the session. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said counters such as Genting Bhd and Genting Malaysia led the decliners as the worrying number of increasing Covid-19 infections in Malaysia and globally clouded the prospects of the tourism industry.
However, he said Supermax gained 2.5 per cent on expectations that a bumpy path to reach a post-pandemic era would continue pushing the demand for rubber gloves. On the home front, heavyweights, Press Metal dropped two sen to RM5.38 on the ex-date of the company’s one-for-one bonus share issue, Top Glove trimmed 11 sen to RM5.46 and MISC declined 14 sen to RM6.68.In contrast, Supermax was 13 sen higher at RM5.44 and TM rose six sen to RM5.96.
Main Market volume was higher at 4.20 billion shares worth RM3.12 billion against 3.69 billion shares worth RM3.35 billion on Friday.
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