November 12, 2021

The Exchange Bounces Back To Overcome Previous Losses

 At 9.53am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 9.86 points at 1,528.71 from Thursday's close of 1,518.85 driven by new buying interest in selected heavyweights.

The index opened 3.84 points higher at 1,522.69.

The broader market saw losses outpacing gains with 218 to 129 while 267 counters were unchanged, 1,678 untraded and 18 suspended.

Total turnover at 765.04 million units worth RM534.4 million.

A note issued by Malacca Securities Sdn Bhd stated market sentiment was on high alert and the economic recovery was on track with the reopening of international borders expected on 1 January 2022.

Heavyweights saw Malayan Banking Bhd (Maybank) up 7 sen at RM8.07, Public Bank and Petronas Chemicals Group Bhd (PetChem) up 1 sen at RM4.03 and RM8.31 respectively while IHH Healthcare Bhd declined 2 sen at RM6.44 and Tenaga Nasional Bhd (TNB) declined 1 sen to RM9.62.

Active stocks saw NWP Holdings Bhd rise 2 sen at 35.5 sen and Dagang NeXchange declined 0.5 sen at 82.5 sen while Kanger International Bhd and Tanco Holdings Bhd remained at 3.5 sen and 27 sen respectively.

On the index board, the FBM Emas index rose 66.46 points to 11,307.56, the FBMT 100 index increased 67.51 points to 10,944.75, the FBM Emas Shariah index rose 85.86 points to 12,319.40 while the FBM ACE jumped 221.16 points to 6,979.44 and FBM 70 jumped 80.4.04 points to 14,95.

The Industrial Products and Services index rose 0.67 points at 201.56, the Plantation index declined 3.97 points at 6,612.12 and the Financial Services index increased 60.09 points at 15,178.34.