Bursa Malaysia ends sharply higher on last trading day of 2021


KUALA LUMPUR: Bursa Malaysia ended sharply higher to shut at its intra-day excessive on New Year’s Eve, after wallowing within the pink all day, owing primarily to bargain-hunting actions within the remaining hour of trading, a vendor stated.

As at 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) soared 23.92 factors or 1.55 per cent to finish at 1,567.53 in contrast with 1,543.61 at yesterday’s shut.

The index opened 0.62 of-a-point weaker at 1,542.99 this morning, stayed within the pink territory all through the day, hit a low of 1,531.81 earlier than rebounding to 1,567.53 10 minutes earlier than closing.

On the broader market, gainers led losers 479 to 413 whereas 416 counters had been unchanged, 982 untraded, and 31 others suspended.

Turnover rose to 2.52 billion models valued at RM1.86 billion from Thursday’s 2.24 billion models valued at RM1.51 billion.

Rakuten Trade Sdn Bhd vice-president of fairness analysis Thong Pak Leng stated the corporate anticipated bargain-hunting actions to proceed given the bettering market sentiment.

“The affirmation of a RM1,000 cap on stamp responsibility is definitely excellent news for the native bourse and we anticipate this could enhance total trading actions. On the opposite hand, we stay cautious given the heightened market volatility and nonetheless unresolved COVID-19 pandemic,” he instructed Bernama.

Meanwhile, key regional markets closed combined following the in a single day promote down on Wall Street and trading exercise was additionally considerably subdued as some merchants seemed to get a head begin on New Year’s festivities.

Japan’s Nikkei 225 misplaced 0.40 per cent to twenty-eight,791.71, South Korea’s KOSPI fell 0.52 per cent to 2,977.65, Singapore’s Strait Times Index was down 0.09 per cent to three,123.68, however Hong Kong’s Hang Seng rose 1.24 per cent to 23,397.67.

Among heavyweights, IHH added 56 sen to RM7.34, Axiata gained 31 sen to RM4.16, Maxis rose 36 sen to RM4.85, and Digi was 32 sen higher at RM4.36.

Other heavyweights, Maybank was flat at RM8.30, Public Bank perked up one sen to RM4.16, Petronas Chemicals was 13 sen higher at RM8.92, and CIMB gained 4 sen to RM5.45.

Of the actives, XOX and AT Systematization had been unchanged at three sen respectively, SMTrack added 1.5 sen to 19 sen, AirAsia warrant jumped 20.5 sen to 21 sen, however BSL Corp warrant shed half-a-sen to twenty sen.

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