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KUALA LUMPUR: Heavy churning of penny stocks saw trading volume and value surge at the midday break while the FBM KLCI fell nearly 1% due to selling of banks and oil and gas stocks despite gains in glove makers.
KUALA LUMPUR: Bursa Malaysia's FBM KLCI closed off the day's low on Thursday on some buying of key index stocks but concerns about the political environment were not quick to go away.
KUALA LUMPUR: Bursa Malaysia got off Thursday on a cautious footing with Petronas Chemicals, Public Bank and Top Glove weighing on the FBM KLCI.
KUALA LUMPUR: The banking industry’s move to provide a targeted moratorium extension and provision of repayment flexibility to hard-hit individuals and SMEs helped lift market sentiment in late trading on Wednesday.
KUALA LUMPUR: Sustained buying of glove makers Hartalega and Top Glove propelled the FBM KLCI on Tuesday to the highest close since Jan 7 while most key Asian markets also ended higher following a recovery in China's economy.
KUALA LUMPUR: Gloves helped lift the FBM KLCI into the positive zone on Monday despite some weakness in banks due to concerns about the impact of the s-x month moratorium.
KUALA LUMPUR: Glove makers were once again in focus on Thursday as the global Covid-19 pandemic showed no signs of slowing down while pharmaceuitcal stocks saw profit taking as a conclusive vaccine was yet to be foud.
KUALA LUMPUR: Pharmaceutical companies staged a strong rally with Pharmaniaga hitting limit-up and Duopharma at a record high on Wednesday while glove makers consolidated some of their massive gains.
KUALA LUMPUR: Bursa Malaysia joined the rally in European and Asian markets after European Union leaders sealed a 750bil euro (US$857bil) post-pandemic stimulus plan folowing a marathon five-day meeting.
KUALA LUMPUR: A rebound in Public Bank’s share price and a fresh record high for Bursa Malaysia shares due to the surge in trading volume underpinned the blue chips’ advance in early Tuesday trade.