Monday, November 9, 2020

Bursa Malaysia Fulfilled

 Bursa Malaysia opened higher overall this morning with investors responding positively to the 2021 Budget announced last Friday.

At 9.23am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) benchmark strengthened 9.1 points to 1,528.74 after opening 1.99 points higher at 1,521.63.

Bernama reported that the overall market price movement was very encouraging with gainers outpacing losers of 524 to 209 while 334 counters were unchanged, 1,081 untraded and 32 others suspended.

Turnover was 2.01 billion worth RM727.69 million.

Manufacturer of rubber gloves Hartalega and Top Glove emerged as the most profitable counter among index-linked counters, contributing 5,196 points to the FBM KLCI.

Hartalega jumped 48 sen to RM18.68, while Top Glove rose 11 sen to RM8.61.

Among heavyweights, Maybank rose six sen to RM7.24, Public Bank rose 10 sen to RM15.32, while Tenaga and Petronas Chemicals were flat at RM10.30 and RM6.20, respectively.

The healthiest counterpart, AT Systematization rose two sen to 15 sen, Pegasus added one sen to three sen, Lambo strengthened half a sen to 3.5 sen, while Sapura Energy remained at 10.5 sen.

On the index board, the FBM Emas Index rose 71.07 points to 11,090.04, the FBMT 100 Index was 67.41 points higher at 10,880.69 while the FBM Emas Shariah Index jumped 104.23 points to 13,379.64.

FBM 70 strengthened 100.83 points to 14,617.63 and FBM ACE jumped 183.24 points to 11,157.15.

By sector, the Financial Services Index rose 48.28 points to 12,342.74, the Industrial Products and Services Index added 0.69 points to 150.48 and the Plantation Index strengthened 12.01 points to 7.135.39.