Monday, 18 May 2020 06:15 PM MYT
Inter-Pacific Securities Sdn Bhd head of research Victor Wan said the rise in trading volume was mainly supported by buying interest in penny stocks, as sentiment was boosted by higher crude oil prices, coupled with the re-opening of businesses around the world. Market breadth remained positive, with gainers outnumbering losers 663 to 331, while 348 counters were unchanged, 533 untraded and 17 others suspended.
“Meanwhile, investor sentiment was also lifted by the fact that there has been no bad news such as a drastic increase in new COVID-19 cases.Of the heavyweights, O&G-linked counters Dialog bagged nine sen to RM3.53 and Petronas Dagangan added 38 sen to RM20.06, while glove manufacturer Top Glove increased 12 sen to RM10.50.
The Industrial Products and Services Index ticked up 0.71 of-a-point to 121.59 and the Plantation Index gained 136.52 points to 6,333.68.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bursa Malaysia trading volume reaches all-time high of 11.21 bil unitsMarket sees strong buying support for penny stocks as reopening of businesses lifts sentiments. FMTNews BursaMalaysia KLCI
Source: fmtoday - 🏆 5. / 72 Read more »
Feel good factors keep Bursa Malaysia higher at mid-afternoon | Malay MailKUALA LUMPUR, May 18 — Bursa Malaysia remained in the positive territory at mid-afternoon, buoyed by feel-good factors such as higher crude oil prices and the re-opening of businesses throughout the globe. At 3.05pm, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 10.22 points, or 0.73 per...
Source: malaymail - 🏆 1. / 86 Read more »
Bursa Malaysia climbs 9.98 points at mid-day, volume at 6.7b | Malay MailKUALA LUMPUR, May 18 — Bursa Malaysia ended the morning session higher today, tracking the uptrend in regional peers as improving crude oil prices fuelled risk appetite in the market. At 12.30pm, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 9.98 points, or 0.71 per cent to...
Source: malaymail - 🏆 1. / 86 Read more »
Easing lockdowns, oil price rally spurs trading on BursaKUALA LUMPUR: Bursa Malaysia rallied on an upswing in global sentiment as economies around the world lifted their restrictions on expectations that the worst of the Covid-19 pandemic had passed.
Source: staronline - 🏆 4. / 75 Read more »
Foreign funds selling on Bursa intensified to RM843.2mil last weekKUALA LUMPUR: Selling activity amongst foreign investors increased last week, according to MIDF Research.
Source: staronline - 🏆 4. / 75 Read more »
Bursa Malaysia climbs 9.98 points at mid-day, volume at 6.7b | Malay MailKUALA LUMPUR, May 18 — Bursa Malaysia ended the morning session higher today, tracking the uptrend in regional peers as improving crude oil prices fuelled risk appetite in the market. At 12.30pm, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 9.98 points, or 0.71 per cent to...
Source: malaymail - 🏆 1. / 86 Read more »