Bursa Malaysia Trading Returns To Outstanding Performance - Kakiforex.com - Financial Market Media No. 1 in the World Bursa Malaysia Trading Returns To Outstanding Performance Bursa Malaysia Trading Returns To Outstanding Performance

August 11, 2021

Bursa Malaysia Trading Returns To Outstanding Performance

 Bursa Malaysia traded higher in today's trading session as investors continued to buy in selected industry products and services and financial services counters.

At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index jumped 7.04 points to 1,503.77 from 1,496.73 during the market close on Monday.

According to Bernama, the index opened 2.70 points better at 1,499.43.

Looking at the broader market, gainers outnumbered losers 291 out of 201, while 312 counters were unchanged, 1,400 untraded and nine others suspended.

Turnover amounted to 435.36 million units amounting to RM211.78 million.

According to Malacca Securities, consumer stocks and building materials are seen to be the focus after an increase in vaccination rates and the gradual reopening of the economy.

In addition, investors continued to keep their attention on the technology sector following positive expectations for the August earnings season.

The daily case of Covid-19 and current political developments in Malaysia are likely to continue to influence and drive buying interest on the local bourse.

The research house also said the FBM KLCI and the broader market rose on Monday as the consumer and transportation and logistics -related sectors exhibited gains driven by the announcement of SOP relaxation for individuals who have fully received vaccine injections.

The local market responded well to the higher -than -expected Industrial Production Index (IPI) to record a year -on -year increase of 1.4% in June.

Of the heavyweights, Maybank and Petronas Chemicals added 4.0 sen each to RM8.04 and RM8.04 respectively, Public Bank and TNB rose 2.0 sen each to RM3.98 and 9.70 respectively while IHH Healthcare declined 1.0 sen to RM5.78 .

For active stocks, TA Win jumped 1.5 sen to 18.5 sen, Tanco was flat at 21.5 sen and TFP Solutions and Scope Industries rose 1.0 sen to 20.5 and 28.5 sen respectively.

On the index board, the FBM ACE jumped 71.26 points to 7,265.47, the FBM 70 ‘rocketed’ 52.10 points to 14,647.04 and the FBMT 100 Index rose 47.20 points to 10,754.34.

The FBM Emas Shariah Index rose 36.59 points to 12,108.78 and the FBM Emas Index jumped 44.73 points to 11,043.07,

By sector, the Financial Services Index rose 71.33 points to 14,798.26, the Industrial Products and Services Index added 1.43 points to 190.75 and the Plantation Index rose 23.89 points to 6,125.23.