Bursa Malaysia ends at six-month high, Top Glove and Hartalega lead | Malay Mail

Monday, 13 Jul 2020 06:04 PM MYTKUALA LUMPUR, July 13 — Bursa Malaysia ended above 1,600 points today, a level last seen in January this year, with the key index movers — Top Glove and Hartalega, both increased by more than three per cent.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said majority of the Asian bourses were in the green zone with the Shenzhen Composite Index leading the pack, rising more than three per cent. Meanwhile, AxiCorp chief global market strategist Stephen Innes said growing Covid-19 cases count in the United States on the cusp of US earnings reporting season saw investors building on stocks they think might be immune to the virus lockdown.

Innes said investors were also looking out for the monetary policy decision by the European Central Bank and the Bank of Japan, as well as the earnings season due to kick off next week.Back home, heavyweights Top Glove surged RM2.08 to RM24.00, Hartalega was 84 sen higher at RM17.90, IHH increased six sen to RM5.40, and Hong Leong Bank rose 30 sen to RM14.82.

On the index board, the FBM Emas Index was 112.01 points higher at 11,318.82, the FBMT 100 Index increased 113.67 points to 11,175.05 and the FBM Emas Shariah Index rose 188.07 points to 13,000.02.Sector-wise, the Financial Services Index improved 5.06 points to 13,551.70, the Plantation Index dropped 15.80 points to 6,845.28 and the Industrial Products and Services Index eased 0.18 of-a-point to 138.89.

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