Highlights

Bursa Malaysia ends higher on optimism over global economy

 Publish date: Fri, 6 Sep 2019, 6:37 PM

KUALA LUMPUR: Bursa Malaysia closed higher today in tandem with positive sentiment on the regional stock markets as investors remained optimistic on the global economic outlook, dealers said.
 
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.72 points to 1,604.47 at the close after trading between 1,599.75 and 1,606.40 throughout the day.
 
The market barometer opened 1.91 points higher at 1,601.66.
 
Phillip Capital Management senior vice-president (investment) Datuk Dr Nazri Khan Adam Khan said investors were positive on the bullish economic outlook on the global front and expectation of higher crude palm oil (CPO) demand from India moving forward.
 
“Overall, based on the current technical landscape, we opine that the local bourse is still in the process of recovering. The strong support is within 1,600 to 1,572 points. Conversely, the immediate resistance remains at between 1,620 and 1,680 points, followed by the psychological 1,700-point resistance threshold,” he told Bernama today.
 
Meanwhile, another dealer said the Asian market was in an uptrend today, in line with global market sentiment, boosted by firm US economic data and next month’s meeting between US and Chinese negotiators which signalled an easing in trade tensions.
 
Among the heavyweights, Maybank rose one sen to RM8.75, TNB improved two sen to RM13.82, Petronas Chemicals jumped 12 sen to RM7.00, IHH Healthcare went up four sen to RM5.80 while Public Bank slipped four sen to RM20.20.
 
As for actives, Priceworth International gained half-a-sen to five sen, GD Express improved one sen to 29.5 sen, while Vsolar fell one sen to 11.5 sen and Bumi Armada eased half-a-sen to 25.5 sen.
 
The FBM Emas Index added 33.58 points to 11,281.12, the FBMT100 Index was 34.02 points higher at 11,120.66 and the FBM Emas Shariah Index perked 58.44 points to 11,826.29.
 
The FBM Ace advanced 8.67 points to 4,457.38 and the FBM 70 went up 47.61 points to 13,788.45.
 
Sector-wise, the Financial Services Index slid 31.67 points to 15,479.17, the Plantation Index inched up 10.43 points to 6,806.94 and the Industrial Products and Services Index was 1.30 points higher at 149.12.
 
Market breadth was positive as gainers led losers 406 to 340, with 405 counters unchanged, 797 untraded and 33 others suspended.
 
Turnover was lower at 1.67 billion units worth RM1.44 billion from Thursday’s 1.85 billion units worth RM1.58 billion.
 
 
 - Bernama
Share this

  Be the first to like this.
 


 

205  233  554  1333 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MNC-PA 0.040.00 
 ARMADA 0.31-0.005 
 KNM 0.39+0.01 
 GPACKET-WB 0.2650.00 
 VSOLAR 0.095-0.005 
 KOMARK 0.37+0.02 
 SUMATEC 0.025-0.005 
 OCK-WA 0.13-0.01 
 HSI-C7E 0.215+0.005 
 KNM-WB 0.1950.00 

TOP ARTICLES

1. OPCOM (0035) OPTIMAL OPTIC COMPANY : THE SUPER-STOCK OF THE DIGITAL ECONOMY, Calvin Tan Research THE INVESTMENT APPROACH OF CALVIN TAN
2. [转贴] 巴菲特告訴孩子:成為富有的人,一生只需要3種投資 Good Articles to Share
3. When can ego be good and when can it be bad? Koon Yew Yin Koon Yew Yin's Blog
4. 《《 这只股走了一大轮,是什么原因导致这一路的上涨呢? 》》 StockBuddy
5. 中东局势混乱国际油价是否会继续往上移?? 大马股市在油气(Oil & Gas)板块有没有较低风险的隐形黑马吗? Ten Ninety
6. Four simple reasons why Alam Maritim can hit 20 sen Good stocks to share
7. 中东局势混乱国际油价是否会继续往上移?? 大马股市在油气(Oil & Gas)板块有没有较低风险的隐形黑马吗?(Part 2) Ten Ninety
8. 油价昨日彪涨,还能买入吗?By投资有理 投资有理·于你
Partners & Brokers