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KUALA LUMPUR: Glove makers were back in play on Friday as the record number of Covid-19 cases both in Malaysian and overseas saw investors piling into glove stocks.
KUALA LUMPUR: Glove makers underpinned the FBM KLCI’s advance in early Friday trade as Covid-19 cases continued to surge, prompting stronger demand, while investor sentiment was also shored up by firmer external markets.
KUALA LUMPUR: Last-minute buying interest on Bursa Malaysia sent the FBM KLCI higher, crossing the 1,600-level on Thursday.
KUALA LUMPUR: Bursa Malaysia slumped in early Thursday trade on concerns about the political outlook for the country while the Covid-19 cases surged to a fresh high on Wednesday amid calls for stricter curbs.
KUALA LUMPUR: A rebound in glove makers helped shore up the FBM KLCI as the regulated short selling for these stocks seemed to have abated but the broader market was still cautious.
KUALA LUMPUR: Selling pressure picked up pace on blue chips including IHH Healthcare, Maybank and Sime Darby Plantation late Thursday – the last trading day of the Covid-19 ridden 2020 – and pushed the key FBM KLCI into the red.
KUALA LUMPUR: Losses in Sime Darby Plantation, Maybank and Top Glove pushed the FBM KLCI into the red on the final trading day of 2020.
KUALA LUMPUR: Bursa Malaysia closed on a firm note on Wednesday while buying of Press Metal, Hartalega and Top Glove underpinned the FBM KLCI’s advance.
KUALA LUMPUR: The FBM KLCI ended in the negative territory on Tuesday, weighed down by selling in glovemakers and selected heavyweights.