The benchmark FTSE Bursa Malaysia KLCI rose 18.83 points to end the day at 1,575.16 from 1,556.33 at last Friday’s close. ― Picture by Hari Anggara
The benchmark FTSE Bursa Malaysia KLCI rose 18.83 points to end the day at 1,575.16 from 1,556.33 at last Friday’s close. Total volume increased to 9.10 billion shares worth RM6.21 billion from 8.67 billion shares worth RM6.19 billion last Friday. Mohd Afzanizam said the positive market sentiment was further brought on by the Organisation of the Petroleum Exporting Countries + meeting during the weekend as members reiterated commitment to stabilise the crude oil prices and to strictly adhere to the production cut pact.
“However, it remains to be seen whether the uptrend can be sustained. Technical indicators seem to suggest that market correction is quite possible given key indicators are in the overbought region.Regionally, Japan’s Nikkei eased 0.38 per cent to 23,091.03, Singapore’s Straits Times fell 0.33 per cent to 2,787.68 while Hong Kong’s Hang Seng Index expanded 1.13 per cent to 25,057.22 .
Sector-wise, the Industrial Products and Services Index improved 2.10 points to 141.15, the Financial Services Index jumped 147.23 points to 13,873.25 and the Plantation Index picked up 41.57 points to 6,828.59.
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