Saturday, 29 May 2021 10:17 AM MYT
“Without the lockdown woes, the barometre index is likely to breach the next resistance level of 1,600. Meanwhile, both Lau and Areca Capital Sdn Bhd chief executive officer Danny Wong shared a similar view that recovery-themed sectors such as technology, glove and healthcare might stage a comeback next week.
According to the statement, throughout this period all sectors will not be allowed to operate, except for essential economic and service sectors to be listed by MKN. However, gains in the market were capped by concerns over the rising Covid-19 cases after the country reported several fresh highs of infections over the past week, with the highest number touching 8,290 cases yesterday.On the index board, the FBM Emas Index was 242.47 points higher at 11,578.50, the FBMT 100 Index leapt 234.38 points to 11,276.60, the FBM Emas Shariah Index jumped 239.01 points to 12,847.04, the FBM 70 strengthened 332.99 points to 14.869.65, and the FBM ACE was 219.
Weekly turnover eased to 30.51 billion units worth RM18.84 billion against 32.44 billion units worth RM16.52 billion in the previous week.