KUALA LUMPUR, Aug 25 — Bursa Malaysia held on at a two-month high today amid strong investor appetite, in sync with the regional bourses’ performance and rally in the oil market.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said political stability was seen to be strengthening, with the next anticipated matter being the new line-up of cabinet ministers. Other countries such as China have also been exhibiting encouraging prospects in terms of the handling of Covid-19 with no cases of locally transmitted infections in the latest data.Among the heavyweights, Press Metal surged 24 sen to RM5.24, TNB jumped 31 sen to RM10.28, Petronas Chemicals was 21 sen stronger at RM8.15, Maxis added 12 sen to RM4.65, and Axiata gained nine sen to RM4.04.
Main Market volume slightly increased to 2.66 billion shares worth RM2.53 billion from yesterday’s 2.65 billion shares worth RM2.74 billion.
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Bursa Malaysia higher at midafternoon | Malay MailKUALA LUMPUR, Aug 25 — Bursa Malaysia stayed higher at midafternoon, supported by strong investors’ appetite, solid corporate earnings and better commodity prices. At 3.01pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) went up 9.23 points to 1,562.60 from yesterday’s close of...
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Bursa Malaysia extends rally for fourth straight day | Malay MailKUALA LUMPUR, Aug 25 — Bursa Malaysia has extended its rally for the fourth consecutive day amidst strong investors’ appetite and better commodity prices. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 12.32 points to 1,565.69 from yesterday's close...
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Bursa Malaysia higher at mid-afternoon, CI up 22.77 pts | Malay MailKUALA LUMPUR, Aug 24 — Bursa Malaysia continued to trend upwards at mid-afternoon, boosted by plantation and banking counters. At 3.05 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 22.77 points to 1,545.20 from today’s close of 1,522.43. The market bellwether opened... A good start for BN...
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Bursa Malaysia posts modest gains in early trade | New Straits TimesNSTbusiness Market breadth remained positive, with gainers surpassing decliners 265 to 172, while 284 counters were unchanged, 1,498 untraded and six others suspended. NSTbusiness At 9 am, the local note stood at 4.2210/2240 versus the greenback compared with Monday's close of 4.2245/2275. NSTbusiness 'Phase One of the plan (2021-2022) is aimed at MAHB's survival (mainly on liquidity management) and recovery, and Phase Two (2023- 2025) is focused at growth and transformation.'
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Bursa rebound reassuring but more needs to be done, says Najib | The Malaysian InsightEx-prime minister says upward trajectory is dependent on the policies to be introduced by the new government.
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