Last-minute gains in telcos, glove counters push Bursa Malaysia higher

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KUALA LUMPUR: Last-minute buying in glove counters, TM, Maxis, Genting and Supermax counters helped Bursa Malaysia to end slightly higher today. The b...

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: Last-minute buying in glove counters, TM, Maxis, Genting and Supermax counters helped Bursa Malaysia to end slightly higher today.

On the broader market, gainers surpassed losers 624 to 513, while 441 counters were unchanged, 659 untraded and nine others suspended. “Aside from that, investors also weighed economic data which showed that Americans have cut back on spending in February partly due to bad weather in parts of the country that kept shoppers away from stores, and the fact that December 2020 and January 2021 stimulus payments are running out,” he told Bernama.

Of the heavyweights, TM increased 24 sen or four percent to RM6.40, Maxis gained eight sen to RM4.69, Genting added 18 sen to RM5.30 and Supermax was 25 sen or six percent stronger at RM4.35.In contrast, Public Bank lost seven sen to RM4.24 and Maybank was 10 sen weaker at RM8.35. On the index board, the FBM Emas Index expanded 21.97 points to 11,923.64, the FBMT 100 improved 14.16 points to 11,598.41, and the FBM Emas Shariah recovered 66.18 points to 13,246.15.Sector-wise, the Financial Services Index eased 103.01 points to 15,499.96, the Plantation Index inched down 29.68 points to 7,200.59, and the Industrial Products and Services Index edged down 0.16 of-a-point to 191.83.

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