Glove makers power FBM KLCI higher

KUALA LUMPUR: Continuous buying support for glove makers helped drive the FBM KLCI to end on a firm note, extending gains to a third consecutive session.

At 5pm, the benchmark jumped 15.04 points, or 0.94% at 1,623.47. The index moved between 1,623.47 and 1,609.44 throughout the day.

There were 578 gainers against 560 decliners while 409 counters unchanged. About 8.3 billion shares, valued at RM5.58bil, changed hands.

Dealers said market sentiment was buoyed by buying interest in glove stocks.

The gains in glove counters also pushed the Bursa Malaysia's Health Care Index to its highest in two months. The index surged 101.56 points, or 3.1% to 3,382.38.

Hartalega added 40 sen to RM11.18, Supermax gained 33 sen to RM6.28 and Top Glove rose 17 sen to RM5.90.

Careplus jumped 51 sen to RM2.76, Kossan advanced 36 sen to RM4.71, Adventa added 36 sen to RM2, Comfort rose 15 sen to RM2.94 and HLT climbed 14 sen to RM1.28.

Among the losers, Vitrox tumbled 38 sen to RM15.70, Petronas Gas shed 30 sen to RM15.90, KESM fell 28 sen to RM12.10, PPB lost 18 sen to RM18.50 and Euro declined 15 sen to RM3.43.

Among the banks, Maybank gained 10 sen to RM8.36, Public Bank added two sen to RM4.19, CIMB fell two sen to RM4.17, RHB Bank rose two sen to RM5.28 and Hong Leong Bank added 20 sen to RM18.10.

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

Hong Kong’s Hang Seng index was down 125.92 points, or 0.43%, at 28,952.83.

China’s CSI300 index closed down 1.1% at 5,077.24, while the Shanghai Composite Index declined 1% to 3,441.17.

Japan’s Nikkei 225 ended up 0.36% to close at 29,126.23 while South Korea’s Kospi ended 31.43 points, or 0.99%, higher at 3,217.53.

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FBM KLCI , Bursa Malaysia , KLCI


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