Bursa Malaysia ends higher driven by consumer products, healthcare stocks | Malay Mail

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KUALA LUMPUR, Aug 11 —Bursa Malaysia ended higher today, supported by persistent buying in selected consumer products and services as well as healthcare counters, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.71 points to end the day at 1,504.44 compared with Monday’s...

KUALA LUMPUR, Aug 11 —Bursa Malaysia ended higher today, supported by persistent buying in selected consumer products and services as well as healthcare counters, dealers said.

Market breadth was, however, negative with losers leading gainers 654 to 433, while 407 counters were unchanged, 710 untraded, and nine others suspended. A dealer said the local market saw some persistent buying today following the easing of the ongoing Movement Control Order as announced by Prime Minister Tan Sri Muhyiddin Yassin recently.

In a research note today, he said traders were watching the recent high-frequency data to see if economies in the region will first experience a period of disinflation before inflationary pressures kick off again. Back home, heavyweights Maybank and IHH Healthcare rose 3.0 sen each to RM8.03 and RM5.82, respectively, Petronas Chemicals improved 1.0 sen to RM8.01, TNB gained 5.0 sen to RM9.73, while Public Bank was flat at RM3.96.

Main Market volume increased to 2.90 billion shares worth RM2.58 billion from 2.57 billion shares valued at RM1.87 billion on Monday.

 

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