At 9.15am, the benchmark FTSE Bursa Malaysia KLCI rose 4.84 points to 1,494.04 from yesterday’s close of 1,489.20. — Reuters pic
At 9.15am, the benchmark FTSE Bursa Malaysia KLCI rose 4.84 points to 1,494.04 from yesterday’s close of 1,489.20.Overall market breadth was positive with gainers outpacing losers 311 to 135, while 251 counters were unchanged, 1,265 untraded and 35 others suspended.In a research note today, Malacca Securities Sdn Bhd expects bargain-hunting activities to take precedence today, after three consecutive days of downturn, as investors nibble on beaten down stocks.
Meanwhile, the research firm said US stockmarkets rebounded from their previous session rout as the Dow Jones rose 1.2 per cent on the back of the lower-than-expected new jobless claims, while the final reading of first quarter 2020 gross domestic product contracted by 5.0 per cent year-on-year. Of the most actives, AT Systematization went up two sen to 17 sen, AT Syatematization advanced one sen to 10 sen, Technodex earned half-a-sen to 6.5 sen, while Vivocom Intl was flat at three sen.
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