Bursa gives up some gains as banks slip


  • Markets
  • Friday, 09 Oct 2020

KUALA LUMPUR: Bursa Malaysia gave up some of its previous day’s gains early Friday with Public Bank and Maybank weighing on the FBM KLCI as investors took profit.

With the Covid-19 pandemic showing no signs of easing, glove makers advanced and helped prop up the 30-stock KLCI.

At 9.18am, the KLCI was down 4.03 points or 0.27% to 1,515,40. Turnover was 750.84 million shares valued at RM256.04mil. There were 311 gainers, 172 losers and 292 counters unchanged.

Overnight on Wall Street, stocks rose and crude oil prices surged as reports continued to surface of new developments in pandemic relief negotiations in Washington, Reuters reported.

At Bursa on Thursday, the rebound was underpinned by foreign buying at net RM28.6mil while local retail players were net buyers at RM3.3mil. Local institutions turned net sellers at RM41.9mil.

Public Bank fell 14 sen to RM15.86 and Maybank seven sen to RM7.23.

Petronas Gas lost 12 sen to RM16.82, Westports eight sen to RM3.94, Digi seven sen to RM4.06 and Gamuda six sen to RM3.51.

G3 was the top loser, sliding 22 sen to RM3.01 with 10,200 shares.

Heineken rebounded 62 sen to RM21, MyNews 11.5 sen to 72 sen and Euro nine sen to RM2.02.

Kossan added 21 sen to RM7.44, Supermax nine sen to RM9.59 and Hartalega eight sen to RM17.08

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