CONSUMER and industrial products and services stocks were the biggest gainers on Bursa Malaysia today after the government eased the Movement Control Order (MCO) to allow more than two million employees in various sectors to return to work.
This is after the three phases of MCO had managed to bring down the number of new Covid-19 infections to only 22 cases yesterday.
At lunch break, the list of top gainers was led by consumer products and services stocks, with Dutch Lady adding 46 sen to RM47.98, F&N rising RM1.06 to RM32.26 and Nestle leaping RM1.10 to RM140.10.
For industrial services, Petronas Chemicals leapt 31 sen to RM5.45, contributing 5.14 points to the composite index with 2.13 million shares traded; while Lotte Chemical Titan rose 16 sen to RM1.70 with 32.53 million shares changing hands.
Besides food-related stocks, AirAsia and its long-haul affiliate AirAsiaX also recorded an uptrend as the low-cost airline has started to resume its domestic flights.
Resuming its flights yesterday, AirAsia flew 153 passengers from Kuala Lumpur to Miri. It said it would resume flights to Kota Kinabalu, Kuching, Miri, Sandakan, Tawau, Kota Bharu and Penang soon.
AirAsia added 2.5 sen to 81 sen with 4.42 million shares traded, while AirAsiaX inched up half-a-sen to 11.5 sen with a volume of 4.3 million shares. — April 30, 2020, Bernama
