KLCI advances 21 points in line with key regional markets

  • Markets
  • Thursday, 02 Jul 2020

KUALA LUMPUR: Bursa Malaysia ended higher on Thursday, continuing fourth consecutive days of gains, tracking the upbeat momentum of key regional markets.

The FBM KLCI ended 21.85 points, or 1.44% higher at 1,536.28, its highest in about three weeks. The index opened 0.35 points higher at 1,514.78 this morning.

Market breadth was positive with gainers edging losers 701 to 334, while 403 counters were unchanged. Turnover stood at 5.9 billion worth RM4.02bbil.

In today’s session, 25 of the component stocks rose while four fell.

Dealers said the encouraging signs that the global economy was emerging from the lockdown and hopes of a Covid-19 vaccine lifted sentiment.

The gainers on Bursa Malaysia include Nestle (M) Bhd, Supermax and Bursa Malaysia.Nestle rose RM1.50 to RM140.20, Supermax added 47 sen to RM8.96 while Bursa Malaysia advanced 43 sen to RM7.75.

Rubber glove index-linked counters Hartalega added 22 sen to RM15, its record high and Top Glove rose 36 sen to RM17.50.

Among the banks, Public Bank rose 42 sen to RM16.94, Maybank added 10 sen to RM7.62, CIMB gained eight sen to RM3.69 and Hong Leong Bank advanced 26 sen to RM14.46.

Regionally, Hong Kong stocks posted strong gains while China's blue-chip index closed at 2.5 year high. The Hang Seng index rose 2.9%, to 25,124.19 and China’s blue-chip CSI300 index ended 2.1% higher at 4,335.84.

South Korea’s KOSPI rose 28.67 points, or 1.36%, to close at 2,135.37. Japan’s Nikkei 225 edged up 0.1% to 22,145.96.

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KLCI , Bursa Malaysia


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