Glove makers lift FBM KLCI higher

KUALA LUMPUR: Persistent buying support for glove makers helped drive the FBM KLCI to end on a firm note.

At 5pm, the FBM KLCI ended 1.81 points, or 0.11% higher at 1,602.40. The benchmark index, which opened 0.78 of-a-point lower at 1,599.81, moved between 1,609.39 and 1,596.64 throughout the day.

There were 569 stocks advancing against 505 stocks declining while 482 counters unchanged. About 7.59 billion shares, valued at RM4.89bil, changed hands.

Dealers said the performance of the local bourse was boosted by bargain hunting in healthcare stocks.

The gains in glove counters also pushed the Bursa Malaysia's Health Care Index to its highest in a month. The index surged 140.67 points, or 4.73% to 3,116.83.

Glove counters dominated the gainers’ list on Bursa Malaysia. Hartalega jumped 89 sen to RM10.14, Supermax ended 84 sen higher at RM4.87 and Top Glove added 49 sen to RM5.40.

Careplus rose 39 sen to RM1.79, Comfort advanced 31 sen to RM2.36, Kossan climbed 30 sen to RM3.66, HLT gained 23.5 sen to RM1.09 and Rubberex added 23 sen to RM1.32.

Among the losers, Nestle tumbled RM1.40 to RM135.10, F&N shed 78 sen to RM30, Hong Leong Financial Group fell 36 sen to RM17.34, Euro lost 36 sen to RM3.70 and Heineken declined 32 sen to RM25.12.

Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.51%.

The Nikkei 225 Index ended down 0.07% at 29,708.98, while the broader Topix fell 0.79% to 1,951.86.

South Korea’s Kospi rose 5.85 points, or 0.19%, to 3,143.26.

Hong Kong’s Hang Seng index was up 1.16% at 29,008.07 points.

China’s CSI300 index was up 0.17% to 5,112.21 while Shanghai Composite index rose 0.08% at 3,482.55.

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