FBM KLCI up 7.86 points to end at intraday high


KUALA LUMPUR: The FBM KLCI closed at its intra-day high on Tuesday, with consumers stocks topping the gainers’ list on Bursa Malaysia.

At 5pm, the FBM KLCI closed 7.86 points, or 0.5% higher at 1,591.32, its intra-day high. The index opened 0.21 of-a-point weaker at 1,583.25 this morning.

Market breadth turned positive as gainers overpowered the losers on a ratio of 812-to-279 stocks. Traded volumes stood at 5.83 billion shares valued at RM3.15bil.

Dealers said there were some bargain hunting but gains were capped on concern over the possibility of a full lockdown in Selangor to curb Covid-19 infections.

Malaysia has recorded 4,865 new Covid-19 cases, bringing the country’s cumulative total to 479,421 on Tuesday.

In today’s session, 22 of the KLCI-component stocks were traded higher while seven counters declined and one closed unchanged.

Leading the mover on the index was Petronas Chemicals, Digi and Maybank. Petronas added 17 sen to RM8.12, Maybank rose nine sen to RM8.39 and Digi rose 15 sen to RM4.30.

PPB Group rose 20 sen to RM18.70, Nestle gained 20 sen to RM135.20, Telekom Malaysia advanced 16 sen to RM5.88 and Petronas Dagangan rose 10 sen to RM19.24.

Significant advancers on the broader market include F&N, MPI, Heineken and Dutch Lady.

F&N jumped 90 sen to RM27.90, MPI surged 70 sen to RM36.50, Heineken added 62 sen to RM25.20 and Dutch Lady rose 50 sen to Rm34.70.

Asia benchmarks, meanwhile, finished higher today. MSCI’s Asia ex-Japan stock index was firmer by 1.61%.

Japan’s Nikkei 225 advanced 2.09% to close at 28,406.84 while South Korea’s Kospi climbed 38.53 points, or 1.23%, to 3,173.05.

Hong Kong’s Hang Seng index rose 1.4%, to 28,593.81.

China’s Shanghai Composite index was up 0.32% at 3,529.01, while the CSI300 index rose 0.05% to 5,187.60.

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