KUALA LUMPUR, Oct 13 — Bursa Malaysia today broke through the 1,600 psychological level, accumulating gains of five per cent during its seven-day rally.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said foreign buying continued to anchor the uptrend as sentiment remained positive amid the reopening of travel borders and increasing economic activities.“Though a correction is anticipated, we believe the intermittent profit-taking activities will soften the impact.
Among the heavyweights, Maybank rose six sen to RM8.29, MISC was 21 sen higher at RM7.11, Public Bank increased three sen to RM4.19, Hartalega advanced 10 sen to RM6.07, RHB Bank added 17 sen to RM5.72, and Sime Darby expanded nine sen to RM2.37. On the index board, the FBM Emas Index was higher by 89.26 points at 11,741.91, the FBMT 100 Index edged up 95.38 points to 11,388.49, the FBM Emas Shariah Index increased 82.54 points to 12,830.85, the FBM 70 improved 42.60 points to 15,290.11, and the FBM ACE rose 8.17 points to 7,198.35.
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