Bursa ends at intraday high, KLCI up 0.73%

BURSA Malaysia ended broadly higher today with the key index rising 0.73%, lifted led by telecommunications stocks namely Digi and Axiata.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 11.10 points to close at its intraday high of 1,527.62 compared with Wednesday’s close of 1,516.52.

The key index opened 2.48 points higher at 1,519 and moved between 1,518.01 and 1,527.62 throughout the trading session.

On the broader market, gainers outpaced losers 680 to 320, while 416 counters were unchanged, 828 untraded, and 26 others suspended.

Turnover eased to 5.19 billion units valued at RM2.98 bil from Wednesday’s 5.47 billion units valued at RM3.44 bil.

A dealer said the firmer domestic market performance was in line with the regional markets, taking cue from the stronger Wall Street performance overnight, and looking ahead to the European Central Bank for reassurance that policy support will continue for some time.

Oil prices are also on the rise, with Brent crude advancing 0.91% to US$72.89 a barrel.

Regionally, the Singapore’s Straits Times Index expanded by 1.29% to 3,159.26, Japan’s Nikkei 225 rose 0.58% to 27,548, and Hong Kong’s Hang Seng Index jumped 1.83% to 27,723.84.

Of the heavyweights, Digi rose 12 sen to RM4.25, Axiata increased nine sen to RM3.87, My DIY surged 13 sen to RM3.47, CIMB advanced seven sen to RM4.55, Maybank gained three sen to RM8.04, Public Bank added one sen to RM4.02, while Petronas Chemicals and TNB were three sen higher at RM8.08 and RM9.74, respectively.

Among the actives, Dagang Nexchange rose 2.5 sen to 77.5 sen, Globaltec soared 10.5 sen to 68 sen, JAKS Resources was three sen higher at 51.5 sen, Borneo Oil and Kanger International were both flat three sen and 7.5 sen, respectively, while Pasukhas edged down half-a-sen to 10.5 sen and Saudee eased 3.5 sen to 15.5 sen. – July 22, 2021

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Subscribe and get top news delivered to your Inbox everyday for FREE