At 9.05am, the benchmark FTSE Bursa Malaysia KLCI increased 5.86 points to 1,577.52 from yesterday's close of 1,571.66. ― Picture by Hari Anggara
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI increased 5.86 points to 1,577.52 from yesterday's close of 1,571.66.Market breadth was positive, with gainers outpacing losers 456 to 119, while 286 counters were unchanged, 1,117 untraded and 21 others suspended.Malacca Securities Sdn Bhd in a note said expectedly, quick profit-taking activities emerged as investors offload from the recent rally.
“While there could be mild bargain hunting taking place, investors will be watchful on the upcoming batch of corporate earnings that are reflective of the full impact stemmed from Covid-19,” it said. The energy sector may see some improvement following Saudi Aramco’s bullish undertone on demand that boosted crude oil prices, while the higher-than-average trading volumes will provide support rotational play among FBM ACE-related stocks, it added.
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