This is the Stock Market Situation Before the Weekend Holidays - Kakiforex.com - Financial Market Media No. 1 in the World This is the Stock Market Situation Before the Weekend Holidays This is the Stock Market Situation Before the Weekend Holidays

May 7, 2021

This is the Stock Market Situation Before the Weekend Holidays

 Bursa Malaysia started trading this morning with volatile movements but the key index remained above the 1,570 level, supported by positive local sentiment amid moderate profit-taking activity in the local market.


At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index declined 4.65 points to 1,573.68 from 1,578.33 at the close yesterday.


Bernama reported that the key index opened 0.34 points higher at 1,578.67.


Gainers and losers showed a slight difference of 219 to 217 while 327 counters were unchanged while 1,415 were untraded and 19 others were suspended.


Turnover was 401.000 million worth RM212.68 million.


Malaysian Pacific Industries Bhd was the most profitable counter this morning, jumping 84 sen or 2.19% to RM39.18.


Meanwhile, the most active counter was Alam Maritim Resources Bhd which traded unchanged at 8 sen and saw 10.96 million shares change hands.



According to Rakuten Trade, it expects the local market to remain in a stable mode due to lack of catalyst and projects the FBM KLCI to hover between 1,575 and 1,585.


Among heavyweights, Maybank rose one sen to RM8.24, Public Bank was flat at RM4.09 and PetChem declined four sen to RM8.15.


For active counters, Niche Capital rose two sen to 24.5 sen, while Tanco, TA Win, UCrest were flat at 10 sen, 16.5 sen and 35 sen respectively.


Gainers, Widetec rose 49 sen to RM2.15, LB Aluminum and Genting Plantation rose nine sen each to RM1.32 and RM8.82.


On the index board, the FBM Emas Index was down 20.11 points to 11,576.05, the FBMT 100 Index was down 23.35 points to 11,232.38, the FBM Emas Syariah Index was down 26.95 points to 12,966.89 and the FBM ACE was down 3.46 points to 8,272.30.


However, FBM 70 rose 6.33 points to 15,211.19.


By sector, the Financial Services Index declined 17.44 points to 14,751.19, the Plantation Index increased 16.52 points to 7,008.88 but the Industrial Products and Services Index declined 0.62 points to 198.06.