Bursa, Bursa Malaysia, Bursa Mid-Day

Bursa, Bursa Malaysia

Bursa Malaysia backtracks downtrend path to end mid-day higher | Malay Mail

Bursa Malaysia backtracks downtrend path to end mid-day higher | Malay Mail

2/6/2020 8:40:00 AM

Bursa Malaysia backtracks downtrend path to end mid-day higher | Malay Mail

KUALA LUMPUR, June 2 — Bursa Malaysia reversed its path from an earlier downtrend to end the morning session higher, as it emulated the regional indices trajectory, said dealers. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) garnered 3.07 points to 1,493.21 from 1,490.14 at...

Tuesday, 02 Jun 2020 01:27 PM MYTAt 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) garnered 3.07 points to 1,493.21 from 1,490.14 at Monday’s close. — Picture by Azneal IshakKUALA LUMPUR, June 2 — Bursa Malaysia reversed its path from an earlier downtrend to end the morning session higher, as it emulated the regional indices trajectory, said dealers.

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At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) garnered 3.07 points to 1,493.21 from 1,490.14 at Monday’s close.The index opened 5.63 points weaker at 1,484.51 this morning and hovered between 1,480.17 and 1,494.02 throughout the early trading session.

Malacca Securities Sdn Bhd said that the 1,500 psychological level would likely be re-tested as investors continue to cheer on the gradual re-opening of the economy across the globe.“Beyond that, the 1,510 level will serve as the resistance. On the flip side, the support is now pegged at the 1,460 level.

“We expect the oil and gas stocks to garner some limelight as Brent oil prices finished at its highest level in two months,” the research house said in a note today.At lunch break, the benchmark Brent crude oil rose 0.99 per cent to US$38.70 per barrel.

Regionally, Japan’s Nikkei Index improved 0.93 per cent to 22,268.4, Hong Kong’s Hang Seng Index added 3.36 per cent to 23,732.52 and Singapore’s Straits Times Index grew 1.2 per cent to 2,581.5.Back home, decliners exceeded gainers 468 to 403, while 371 counters were unchanged, 626 untraded and 26 others suspended.

Turnover stood at 5.47 billion units worth RM3.26 billion.Among heavyweights, Maybank increased four sen to RM7.52, Tenaga rose 12 sen to RM12.02, Public Bank improved 58 sen to RM15.16, Petronas Chemicals added 11 sen to RM6.29, and IHH Healthcare gained five sen to RM5.61.

On the index board, the FBM Emas Index was 4.91 points better at 10,551.76, the FBMT 100 Index bagged 5.61 points to 10,404.32, while the FBM Emas Shariah Index decreased 60.1 points to 12,164.53, the FBM ACE declined 18.68 points to 5,912.64, and the FBM 70 trimmed 57.34 points to 13,114.37.

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Sector-wise, the Financial Services Index increased 140.65 points to 12,563.94, the Industrial Products and Services Index added 1.13 points to 130.85, but the Plantation Index fell 60.31 points to 6,761.82. — Bernama Read more: Malay Mail »

Bursa Malaysia rises at mid-morning | Malay MailKUALA LUMPUR, June 1 — Bursa Malaysia remained higher at mid-morning, in line with regional peers. At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 16.11 points better to 1,489.36 from 1,473.25 at the close last Friday. However, on the broader market, decliners outpaced gainers 522...

Bursa Malaysia expands positively at mid-day | Malay MailKUALA LUMPUR, June 1 ― Bursa Malaysia extended its upbeat performance to end the morning session higher, mirroring regional peers, as optimism rises amid reopening of economic activities. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) garnered 15.14 points to 1,488.39 from 1,473.25...

Report: Light at the end of the tunnel for Bursa Malaysia | Malay MailKUALA LUMPUR, June 1 — The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to rebound and end on a higher note this year, amidst global volatility, business closures and the slowdown in corporate incomes due to the Covid-19 pandemic. In its equity report today, AmInvestment said the benchmark...

Bursa Malaysia riding the bull to close higher | Malay MailKUALA LUMPUR, June 1 — Bursa Malaysia rode the regional trend wave to close higher today supported by index-linked counters and commendable performance by rubber-based producers, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 16.89 points to end the day at 1,490.14 from...

Bursa Malaysia eases at opening | New Straits TimesKUALA LUMPUR: Bursa Malaysia was lower at the start of trade today on lack of traders’ engagement, despite an improving global geopolitical scenario, better crude oil prices as well as encouraging Covid-19 developments, said dealers.

Bursa Malaysia rises in early trade | New Straits TimesKUALA LUMPUR: Bursa Malaysia continued last week’s upward momentum to open higher this morning amid a better-than-usual economic outlook, despite simmering tensions between the United States and China.