Bursa Malaysia ends higher lifted by banking stocks | Malay Mail

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Bursa Malaysia ends higher lifted by banking stocks | Malay Mail
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KUALA LUMPUR, July 8 — Bursa Malaysia ended 1.07 per cent higher today, as persistent buying of financial stocks helped support the barometer index. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 16.78 points to finish at 1,583.50 from   yesterday’s close of 1,566.72. The...

The benchmark FTSE Bursa Malaysia KLCI rose 16.78 points to finish at 1,583.50 from yesterday’s close of 1,566.72. — Bernama pic

The index opened 4.64 points lower at 1,562.08 — the day’s low — and went as high as 1,584.67 during the day. Regionally, China’s Shanghai Stock Exchange gained 1.74 per cent to 3,403.44, Japan’s Nikkei Index eased 0.78 per cent to 22,438.65, Hong Kong’s Hang Seng Index improved 0.59 per cent 26,129.18, South Korea’s KOSPI shed 0.24 per cent to 2,158.88 and Singapore’s Straits Times Index grew 0.19 per cent to 2,666.42.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim told Bernama that the better FBM KLCI performance today was partly due to the rise in banking stocks while the fears of a second wave of Covid-19 helped glove counters such as Top Glove to remain in the green zone today. Among the heavyweights, Maybank added nine sen to RM7.91, Public Bank rose 60 sen to RM18.0 and Top Glove gained eight sen at RM20.54.Of the most active, PDZ Holdings rose 11.5 sen to 20.5 sen, PDZ warrants gained 2.5 sen to 5.5 sen, Iris increased three sen to 29 sen, MQ Technology bagged 2.5 sen to nine sen and Eduspec was flat at two sen.

Sector-wise, the Industrial Products and Services Index edged up 1.26 of a point to 140.93, the Plantation Index improved 63.46 points to 6,887.19 and the Financial Services Index soared 229.42 points to 13,455.01.

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