Bursa Malaysia ends above 1,600 level on craze for glove stocks | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

KUALA LUMPUR, July 28 — Bursa Malaysia closed at its intra-day high today, as appetite for glove counters intensified amid the resurgence of new Covid-19 cases globally. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 18.46 points, or 1.16 per cent, to 1,609.94 from 1,591.48 at...

At 5pm, the benchmark FTSE Bursa Malaysia KLCI jumped 18.46 points, or 1.16 per cent, to 1,609.94 from 1,591.48 at yesterday’s close. — Bernama pic

The key index opened 3.16 points higher at 1,594.64 and hovered between 1,593.24 and 1,609.94 throughout the day. A dealer said demand in glove counters surged after the World Health Organisation director-general Tedros Adhanom Ghebreyesus reportedly said yesterday that Covid-19 cases had doubled over the past six weeks, with nearly 16 million cases having been reported to the United Nations health agency along with more than 640,000 deaths worldwide.

After breaching the 1,600 resistance level today, Lau believed the bellwether would continue its uptrend for the rest of the week. IHH bagged 28 sen to RM5.65, Petronas Dagangan improved RM1.24 to RM21.54 and Hap Seng was 30 sen higher at RM8.95. On the index board, the FBM Emas Index lifted 143.49 points to 11,466.50, the FBMT 100 Index grew 143.39 points to 11,302.76 and the FBM Emas Shariah Index was 223.33 points firmer at 13,448.19.Sector-wise, the Plantation Index strengthened 22.25 points to 7,184.36, the Industrial Products and Services Index edged up 1.35 points to 141.47 while the Financial Services Index advanced 10.38 points to 13,368.46.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can Top Glove take most valuable company on Bursa Malaysia crown?PETALING JAYA: Top Glove Corp Bhd has enjoyed a meteoric rise on Bursa Malaysia with a massive 447.1% gain year-to-date, moving from the tail-end of t...
Source: theSundaily - 🏆 25. / 51 Read more »

Bursa Malaysia ends morning session higher as interest in glove stocks persists | Malay MailKUALA LUMPUR, July 27 — Bursa Malaysia shrugged off concerns over the rising tensions between the United States and China by ending the morning session higher today, as buying interest in glove stocks persisted. At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...
Source: malaymail - 🏆 1. / 86 Read more »