GAINS in Hartalega Holdings Bhd and Top Glove Corporation Bhd supported Bursa Malaysia to end in positive territory.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.6 points higher at 1,548.31 from Monday’s close of 1,544.71.
The market bellwether opened 2.32 points lower at 1,542.39 and fluctuated between 1,541.72 and 1,549.26 throughout the session.
On the broader market, gainers surpassed losers 510 to 432, while 465 counters were unchanged, 814 untraded and 67 others suspended.
Turnover increased to 4.79 billion units valued at RM2.63 bil from 4.73 billion units valued at RM2.41 bil yesterday.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said investors took the opportunity from yesterday’s slump to do some bargain hunting mainly in rubber glove counters.
Overall, the Bursa Malaysia Healthcare Index rose 1.9%.
“The gains in the index also occurred against the increase in daily COVID-19 cases, which breached the 6,000 mark today.
“Interestingly, the comeback of the repayment moratorium did not cause a huge sell-off in banks today as it will be done via an opt-in method. As such, the Bursa Malaysia Financial Service index only closed lower by 0.04%,” he told Bernama.
Prime Minister Tan Sri Mahiaddin Yassin yesterday announced another blanket moratorium under the National People’s Well-Being and Economic Recovery Package (PEMULIH).
Heavyweights Hartalega inched up 19 sen to RM7.49, while Top Glove and Sime Darby Bhd rose seven sen to RM4.30 and RM2.20 respectively.
Press Metal Aluminium Holdings Bhd was five sen better at RM4.84 and IOI Corporation Bhd gained six sen to RM3.81.
Conversely, Petronas Chemicals Group Bhd lost six sen to RM8.06 and Genting Malaysia Bhd declined seven sen to RM2.79.
Of the actives, newly-listed Nestcon Bhd increased four sen to 32 sen, Serba Dinamik Holdings Bhd lost half-a-sen to 32 sen and MMAG Holdings Bhd rose half-a-sen to 14 sen. – June 29, 2021
