BURSA Malaysia traded in narrow range today to end the week on a positive note, on mild buying momentum in the broader market.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.08 points or 0.20% to close at 1,518.03 from Thursday’s close of 1,514.95.
The market bellwether opened 2.28 points higher at 1,517.23 and fluctuated between 1,515.79 and 1,522.68 throughout the trading session.
Market breadth was also positive with gainers outpacing losers 488 to 418, while 473 counters were unchanged, 829 untraded, and seven others suspended.
Turnover increased to 3.68 billion shares worth RM1.89 bil from 3.30 billion units worth RM1.99 bil on Thursday.
A dealer said investors had priced in the political uncertainties to look forward for an economic recovery.
Fully vaccinated individuals in states that are under Phase 1 of the National Recovery Plan will be allowed to dine-in at eateries, go camping, engage in individual and non-contact sports outdoors, as well as go to night markets starting today.
On Friday, Istana Negara has confirmed that Bera Member of Parliament Datuk Seri Ismail Sabri Yaakob will be Malaysia’s ninth Prime Minister and the swearing-in ceremony is set for Aug 21.
On the local bourse, heavyweights Maybank declined three sen to RM8.12, Public Bank added one sen to RM3.92, CIMB and Hong Leong Bank advanced four sen each to RM4.64 and RM18.34, respectively, while Petronas Chemicals fell three sen to RM7.94 and TNB and IHH Healthcare both dipped five sen to RM9.85 and RM5.74 respectively.
Among the actives, KNM increased 1.5 sen to 23 sen, Advance Synergy put on 2 sen to 19 sen, Kanger edged up half-a-sen to 6 sen, Destini bagged 3 sen to 21 sen, and Avillion eased 2 sen to 18 sen. – Aug 20, 2021
