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KUALA LUMPUR : Bursa Malaysia closed higher today for the ninth consecutive day, with shares of small-cap companies (market capitalization) and small-cap companies (sic) . The performance of regional stock exchanges, said a dealer.
At 17 hours, the FTSE Bursa Malaysia KLCI benchmark index (FBM KLCI) finished at 1,759.24, up 6.17 points, compared with the closing of 1,753.07. Dr Mohd Afzanizam Abdul Rashid, chief economist at Bhd Bank Islam Malaysia, said the market continues to rebound alongside the US market.
Mohd Afzanizam told Bernama that at the close of yesterday, foreign investors were net buyers, pointing out that Malaysian stocks were very attractive from the point of view of valorization
"At this point, the KLCI FBM has surpassed its previous resistance level of 1,748 points and perhaps now it is moving to the next resistance level of about 1,778 points," said Mohd Afzanizam.
He said that the ringgit is obviously undervalued, and that there is always a reason for foreign investors to come to the local stock exchange. "The only concern is the profit outlook in the uncertainty of external developments." At the regional level, the Straits Times of Singapore rose 1.21% to 3,279.67, the Hang Seng index of Hong Kong 0.38% to 28,010.86 and China SSE composite index of 0.53% to 2,772.55 .5659002] Back home, market growth has been positive with winners from 640 to 323, with 419 wickets unchanged, 544 non-traded and 17 others suspended
The volume increased to 3.49 billion units valued at RM3.02 billion, compared with 2.63 billion from the previous year. units valued at RM 2.17 billion were recorded on Wednesday
KESM Industries led the list of winners today, putting 58 sen at RM17.28, while Hong Leong Bank was the largest declinator, abandoning 38 sen to RM18.50.
Heavyweight, M Aybank added 21 sen to RM9.81, Public Bank increased from 20 sen to RM23.90, Tenaga improved four sen at RM14.92, CIMB gained a sen at RM5.86 while Petronas Chemicals decreased from five sen to RM8.80.
Among the assets, Ekovest increased from 7.5 sen to 72 sen, Iskandar Waterfront City gained 17.5 sen to 74.5 sen, MyEG improved 11 sen to RM1.12, MRCB added three sen to 71 sen, while Priceworth was flat to nine sen.
FBM Emas Index gained 66.02 points at 12.442.24, the FBM70 rose 126.5 points to 15.250.14, the FBMT100 index improved 57.52 points to 12.236.26 , the FBM Emas Syariah index rose 69.09 points to 12,536.16, the FTSE Bursa Malaysia Small Cap index added 221.09 points to 14,475.23 The FBM index fell by 18.86 points to 5.388,71.
At the sector level, the finance index rose 100.52 points to 17,350.77, the industrial index of 9.79 points to 3,219.97 and the plantation index from 0.395 point to 7,493.19.
The main market volume rose to 2.31 billion The Warrants' business turnover is up to 695.2 million units worth 166.36 million RM against 538 , 64 million UC evaluated at RM144. The volume in the ACE market was reduced to 479.42 million shares valued at RM136.09 million, compared with 625.77 million shares valued at RM213.29 million recorded yesterday.
Consumer products accounted for 70.85 million shares traded on the Main. Market, industrial products (352.26 million), construction (501.26 million), trade and services (759.63 million), technology (74.3 million), infrastructure (15.93 million), PSPC (2.25 million), finance (74.28 million), hotels (1.86 million), properties (428.73 million), plantations (30.41 million), mines (19,000), REITs (4,49 million) millions) and closed funds (nil).
The physical price of gold at 5 pm was gram, down from 40 sen to RM154.44 at 5 pm yesterday. – Bernama
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