The Exchange Opens Green Light At The End Of The Week Of February

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 At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 7.33 points at 1,581.22 from Thursday's close of 1,573.89.


The index opened strong 5.18 points at 1,579.07.


It opened on a positive note in tandem with the encouraging performance on Wall Street as the Russia-Ukraine crisis hit the world and the belief that the United States (US) Federal Reserve (Fed) was not too aggressive to make tapering.


On the broader market, investors saw gainers outpacing losers by 313 to 134, while 215 counters were unchanged, 1,623 untraded and 67 suspended.


Total turnover at 227.35 million units worth RM160.38 million.



Rakuten Trade Sdn Bhd vice-president of equity research, Thong Pak Leng said bargin-hunting activity supported Wall Street's major indices to recover losses during the session and the local bourse would also see similar activity soon.


Heavyweights saw Maybank rise 11 sen at RM8.81, Public Bank Bhd added 3 sen at RM4.31, Petronas Chemicals Group Bhd gained 9 sen at RM9.29, IHH Healthcare Bhd gained 12 sen at RM6.52 and CIMB Group Holdings Bhd reached 6 sen at RM5.54.


Active stocks saw Dagang NeXchange (DNeX) up 3 sen at RM1.17, Ta Win Holdings Bhd was strong 0.5 sen at 15 sen and DGB Asia Bhd was flat at 2 sen.


On the index board, FBM Emas reached 63.23 points at 11,282.36, FBMT 100 was strong 60.63 points at 10,955.94, FBM Emas Shariah ran 44.79 points at 11,989.91, FBM 70 added 117.72 points at 13,457.51 and FBM ACE bloomed 70.04 points at 5,938.96.


In terms of sector, the Products and Services Industry index reached 2.18 points at 208.72, the Financial Services index jumped 119.41 points at 16,279.18 and the Plantation index bloomed 7.35 points at 8,029.43.

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