Thursday, 17 Sep 2020 10:13 AM MYT
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI rose 3.16 points to 1,534.44 from Tuesday’s close of 1,531.28.On the broader market, market breadth was positive with gainers thumping losers 343 to 121, while 283 counters were unchanged, 1,307 untraded and 20 others suspended.Malacca Securities said the impending release of Top Glove’s financial results may also provide fresh leads to extend the upside.
“The positive momentum continues to be spurred by the stronger-than-expected economic data worldwide,” it said in a note. The US Fed had also revised its estimates for economic growth in 2021 and 2022 downwards to 4.0 percent and 3.0 percent, respectively. Top gainers included Kossan, which increased 36 sen to RM12.06, Supermax which improved 14 sen to RM8.51 and Rubberex which perked 12 sen to RM5.46.