FBM KLCI closes at highest in nearly 2 months

KUALA LUMPUR: Share prices on Bursa Malaysia marched higher for the third straight trading session, as investors piling into healthcare and leisure stocks.

At closing, the 30-stock index rose 12.97 points, or 0.8% to 1,624.78, its highest since mid January. The index opened 4.18 points higher at 1,615.99 this morning.

Market breadth turned positive as gainers outnumbered losers on a ratio of 634-to-551 stocks. Traded volumes stood at 8.12 billion shares valued at RM5.9bil.

In today’s session, 21 of KLCI-component stocks ended higher, five lower and four counters closed unchanged.

Reuters reported that most emerging Asian share markets rose on Tuesday, tracking a recovery in U.S. equity futures following a pullback in Treasury yields.

U.S. 10-year Treasury yields edged lower after hitting a one-year high on Monday.

Japan’s Nikkei 225 Index climbed 0.99% to 29,027.94 while South Korea’s Kospi closed down 19.99 points, or 0.67%, at 2,976.12.

China Shanghai Composite index was down 1.82% to 3,359.29 while CSI300 closed down 2.15% at 4,971.00.

Hong Kong’s Hang Seng ended 0.81% higher at 28,773.23.

Significant advancers on Bursa Malaysia are Carlsberg, Dataprep, Kobay and KESM. Carlsberg added 90 sen to RM24.74 while Dataprep rose 61 sen to RM2.65. Kobay and KESM advanced 46 sen each to RM3.96 and RM13.34 respectively.

Key winners on the FBM KLCI include Tenaga Nasional, Top Glove and Axiata. Tenaga rose 30 sen to RM10.70, Top Glove added 15 sen to RM5.19 and Axiata rose 13 sen to RM3.70.

In the second quarter ended Feb 28, Top Glove reported a net profit of RM2.87bil, its highest quarterly results in Malaysian corporate history.

The glove maker also reported its highest-ever quarterly sales revenue of RM5.37bil, which was 336% higher than in the previous comparative quarter, and 13% higher quarter-on-quarter.

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FBM KLCI , Bursa Malaysia , KLCI


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