Top Glove leads KLCI rebound, Optimax shines


  • Markets
  • Tuesday, 18 Aug 2020

KUALA LUMPUR: Top Glove led blue chips higher in early trade on Tuesday while eye specialist services Optimax was in the limelight with its stellar debut on the ACE Market.

At 9.17am, the FBM KLCI was up 5.20 points or 0.33% to 1,565.94. Turnover was 1.09 billion shares valued at RM478.74mil. There were 297 gainers, 235 losers and 285 counters unchanged.

Overnight on Wall Street, technology stocks continued their recent rally as investors see them as a firm beneficiary of coronavirus lockdowns, which have fueled demand for products and services that enable people to work from home, reports said.

At Bursa, foreign funds were net buyers on Bursa on Monday at RM139.3mil while local retail investors turned net sellers at RM120.6mil and local institutions at RM18.6mil.

Ajinomoto was the top gainer, up 66 sen to RM15.80. Optimax saw its share price more than double to 66.5 sen, up 36.5 sen on its trading debut.

Top Glove rebounded, up 58 sen to RM23, Supermax 50 sen to RM17.20, Kossan 18 sen to RM13.86 and Comfort 17 sen to RM3.77.

Insurers LPI added 30 sen to RM13.50 and Allianz 20 sen to RM13.30 with 100 shares.

Jewellery maker Tomei was up 14 sen to RM1.23. Bintai Kinden jumped 14 sen to 35 sen in active trade.

Nestle slipped RM1.80 to RM141.20 with just 100 shares and F&N 80 sen to RM32 while FLBhd was 16 sen lower at 91 sen and Petronas Chemicals lost 12 sen to RM6.15.

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