Bursa volume revisits 10 billion, Top Glove leads advance


  • Markets
  • Monday, 01 Jun 2020

KUALA LUMPUR: Trading volume across Bursa Malaysia breached the 10 billion units again as investors continued to chase gloves stocks.

At 5pm, the FBM KLCI continued its winning streak and closed 16.89 points to 1,490.14 amid easing of global lockdown. The 1.15% gain today is the biggest move since rising 1.18% on May 21.

Volume across Bursa rose to 10.3 billion securities worth RM6.73bil. There were 574 decliners, 511 gainers and 343 unchanged counters.

Bursa Malaysia’s trading volume across the board reached an all-time high of 11.21 billion units on May 18.

Dealers said the high trading volume was mainly supported by continued buying interest in glove and medical-related counters, coupled with the reopening of businesses around the world.

A few counters hit limit up today including Careplus, HLT Global and LKL.

Top Glove Corp Bhd and a few of its peers are among the top gainers on Bursa Malaysia as demand for medical gloves is expected to continue to surge. Malaysia is the world’s largest producer of medical gloves.

Top Glove, the world’s largest glove maker, jumped 16.89%, or RM2.24 to RM15.54 with 33.63 million shares traded. Rubberex added 98 sen to RM4.54, Hartalega rose 64 sen to RM13.18 while Comfort gained 58 sen to RM4.20.

Top active stock, K-One Technology Bhd ended with a volume of some 580.6 million shares. The counter added 12.5 sen to 44.5 sen.

Top losers on Bursa Malaysia are Carlsberg, Petronas Dagangan and Petronas Gas. Carlsberg fell RM2.70 to RM26.18. Petronas Dagangan lost RM1.58 to RM21.90 and Petronas Gas shed 90 sen to RM18.10.

Elsewhere in the region, Hong Kong’s Hang Seng index was up 3.36%, its biggest one-day percentage gain since March 25.

China’s Shanghai Composite index was up 2.21% at 2,915.43. It was the biggest one-day percentage gain for the index since March 24.

The blue-chip CSI300 index was up 2.7%, its biggest one-day percentage gain since March 2.

South Korea’s Kospi closed up 1.75%, at 2,065.08 while Japan’s Nikkei average gained 0.8% to 22,062.39.

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KLCI , Bursa

   

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