FBM KLCI Extended the Southward Streak at Mid Day

In line with regional peers, Bursa Malaysia ended the Tuesday morning trading session in negative territory with the benchmark index FBM KLCI ceded 5.77 points or -0.39% at 1,471.32.

The main index shall be determined by the battles between the bulls and bears when the investors’ mood remain jittery over the prospects of recession, when the global bourses shall remain volatile ahead of long weekends. The bull factor would be improved sentiment on the local bourse following Prime Minister Datuk Seri Anwar Ibrahim’s winning the vote of confidence yesterday.

At 9:00 am, the index opened slightly lower at 1,473.73.

During the morning trading session, the index was traded in the range of 1,469.92 – 1,476.23.

Top five active counters for the morning session were Leform, Serba Dinamik, Advance Synergy, Yew Lee Pacific, Sunview Group.

Top five gainers were Hong Leong Financial Group, Mesiniaga, Alpha Ocean Resources, New Hoong Fatt Holdings, Nestle Malaysia.

Whilst top five decliners were Malaysian Pacific Industries, Batu Kawan, Lysaght Galvanized Steel, PETRONAS Chemicals, Vitrox Corp.

Previous articleBusy Months Ahead For Oil and Gas Sector
Next articleKeppel Corp Pays S$88 Million To Settle Corruption Case With Brazilian Authorities

LEAVE A REPLY

Please enter your comment!
Please enter your name here