Bursa closes higher, tracking regional peers


  • Markets
  • Monday, 28 Sep 2020

KUALA LUMPUR: Bursa Malaysia closed higher on Monday in line with its regional peers.

At closing, the FBM KLCI ended 2.52 points, or 0.17% higher at 1,511.66. The index opened 1.12 points higher at 1,510.26 this morning.

In the broader market, gainers outnumbered decliners 569 to 458, while 395 counters remained unchanged. Turnover stood at 5.17 billion shares worth RM3.51bil.

In today’s session, 16 of the KLCI-component stocks were traded higher, 13 counters fell while the remaining one closed unchanged.

Dealers said regionally, the equity markets were slightly higher helped by upbeat industrial profits data from China.

China’s blue-chip CSI300 index rose 0.3%, to 4,581.91, while the Shanghai Composite Index slipped 0.1% to 3,217.53.

Japan’s Nikkei 225 rose 1.32% to 23,511.62 and the broader Topix gained 1.69% to 1,661.93.

Hong Kong’s Hang Seng index was up 240.63 points or 1.04% at 23,476.05 while South Korea’s Kospi closed up 29.29 points, or 1.29%, at 2,308.08, logging the sharpest daily rise since Sept. 14.

On Bursa Malaysia, PPB Group jumped RM1.06 to RM19.46, Nestle added 90 sen to RM140.70 and SCGM advanced 48 sen to RM3.59.

Kossan rose 46 sen to RM14.26, Hartalega gained 42 sen to RM17.42 and MPI improved 30 sen to RM18.20

Among the banks, Maybank added two sen to RM7.10, Public Bank fell two sen to RM15.42, CIMB rose one sen to RM3.07 and RHB Bank fell seven sen to RM4.53.

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KLCI , Bursa Malaysia , FBM KLCI

   

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