Frenetic trading puts Bursa en route to new daily volume record


  • Markets
  • Friday, 07 Aug 2020

KUALA LUMPUR: Bursa Malaysia's trading volume rose at an unprecedented pace on Friday, hitting nearly 12.5 billion shares in the morning session alone.

At the current level, the stock market is all but certain to surpass yesterday's record daily volume of 16.69 billion shares.

Trading value was RM4.9bil shares, putting it on pace with yesterday's exchanged value of RM8.56bil.

The FBM KLCI was subsided in Friday trading, entering the lunch break 4.37 points lower at 1,584.2. The benchmark index has been seeing high levels of volatility given the high levels of investor speculation but is on track to ending the week on a positive note.

Top active stocks were Borneo Oil rising two sen to seven sen, PHB gaining 0.5 sen to four sen and Nice jumping 25 sen to 48 sen.

Meanwhile, Poh Kong climbed 35 sen to RM1.74 as the gold prices continues rising to new record highs. Notion Vtech also maintained its red-hot momentum to add 26 sen to RM2.13.

Rubber glove stocks were mixed with Hartalega pulling back four sen to RM19.76 while Top Glove rose two sen to RM28.42. Supermax was also up 22 sen to RM24 while Kossan shed 16 sen to Rm19.02.

on the FBM KLCI, the biggest decliner was Public Bank, which dropped 24 sen to RM16.74.Nestle pulled back RM2.70 to RM140.40, Maxis fell eight sne to Rm5.17 and IOI slid 10 sen to RM4.42.

Genting stocks however rallied higher with Genting Malaysia gaining three sen to RM2.25 and parent Genting adding seven sen to RM3.77.

Crude oil prices were slightly lower amid fears that the US stimulus talks had stalled. US crude fell 13 cents to US$41.82 a barrel and Brent crude dropped 10 cents to US$44.99 a barrel.

On the forex market, the ringgit was 0.1% weaker against the US dollar at 4.1940. It rose 0.2% against the pound sterling at 5.5021 and was flat against the Singapore dollar at 3.0583.
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Bursa Malaysia , FBM KLCI , crude oil , ringgit , equities

   

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