Upward momentum on window-dressing activities

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KUALA LUMPUR: Bursa Malaysia remained in constructive territory at noon Tuesday amidst window-dressing activities and improved market sentiment.

The FBM KLCI superior 5.22 factors, or 0.34% to 1,539.13 at midday.

There have been 435 gainers, 339 losers and 413 counters traded unchanged on the Bursa Malaysia. Turnover stood at 1.21 billion shares valued at RM777.17mil.

Given the constructive efficiency from Wall Street in a single day, Malacca Securities expects the shopping for curiosity to be anticipated on the native equities.

It famous that overseas funds have been web consumers on Bursa Malaysia previously 5 buying and selling days; the cumulative 5-day buying and selling worth stood at RM67.4mil.

On the commodity markets, the Brent crude oil has surged firmly above US$78, whereas the CPO worth is hovering above RM4,600.

Meanwhile, Rakuten Trade believes shopping for pursuits to stay on the blue chips therefore the index to hover inside the 1,530-1,540 vary right this moment.

Genetec was the highest gainer on Bursa Malaysia, rising 92 sen to RM38.42, adopted by F&N, which climbed 24 sen to RM25.04, and MPI, which rose 24 sen to RM49.04.

Sam Engineering is the most important loser, easing 18 sen to RM21.60. Seni Jaya shed 13 sen to RM2.51 and Keck Seng misplaced 11 sen to RM3.39.



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