Kuala Lumpur, Aug 1 – Bursa Malaysia closed higher on Monday as the barometer index FBM KLCI climbed 9.84 points or +0.66% to 1,502.07. The market breadth was positive with gainers outpaced decliners. Asian stock markets closed in mildly positive note on positive cues from optimism displayed by Wall Street on Friday. A risk-on mood has improved the risk appetite of safe-haven-assets. Meanwhile, Chinese stocks were traded mildly better despite the release of the downbeat PMI Caixin Manufacturing data. The economic data has landed at 50.4, lower than the estimates of 51.5. The weak PMI indicator means the effects of the resurgence of Covid cases in China as well as the weakening demand of the overseas markets. The DXY) has displayed a subdued performance as investors see downbeat US ISM Manufacturing PMI data. However, the US ISM New Orders Index data is expected to report a stellar performance, which printed at 52, significantly higher than the prior release of 49.2. This reflects the forward demand by the households and eventually.
** The FTSE BM KLCI opened at 1,492.67. The index fluctuated between 1,490.69– 1,501.87.
** 546 counters are gainers, 407 counters are unchanged, while 355 counters are losers.
** Total volume of 2,384,848,000 shares changed hands; while Turnover of RM 1,498,299,585
** The Top 5 Gainers: SAM (4.46, +0.67) ; KLK (22.50, +0.58) ; PMBTECH-WA (2.60, +0.31) ; F&N (22.00, +0.30) ; PETDAG (22.68, +0.28)
** The Top 5 Losers: NESTLE (134.30, -0.40) ; DLADY (32.70, -0.30) ; HEIM (22.50, -0.20) ; MPI (32.10, -0.20) ; HLIND (8.92, -0.18)
** The Top 5 Most Active Stocks: CSH (0.075, +0.005) ; MTRONIC (0.125, -0.015) ; DNEX (0.825, +0.02); HSI-CJG(0.17, -0.005) ; SEDANIA (0.42, -0.015)
* Singapore’s Straits Times Index (STI) climbed 29.66 points or +0.92% to 3,241.22 ; Hong Kong’s HSI up 9.33 points or -+0.05% at 20,165.84 ; Japan’s Nikkei 225 rose 191.71 points or +0.69% at 27, 993.35 ; Korea’s Kospi Index up 0.75 points or +0.03% at 2,452.25; Shanghai’s SSE Index rose 6.72 points or +0.21% at 3,259.96; Australia’s ASX 200 climbed 47.80 points or +0.69% at 6,993.00.
