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The commodity market is experiencing a major boom thanks to the massive stimulus by the world’s major economies.
KUALA LUMPUR: The consolidation on the local bourse continued on Friday amid speculation on Malaysia’s political developments.
MPI, DNex and Petronas Dagangan underpinned the local stock market’s slight advance in early Friday trade.
Chip makers and tech-related stocks slipped in early Wednesday trade but strong crude oil prices lifted Petronas-linked stocks while the broader market was mixed.
Bursa Malaysia started Tuesday on a firm note with Petronas Dagangan underpinning the FBM KLCI’s gains but Serba Dinamik continued to slide in active trade.
Blue chips fell in early Friday trade with banks and plantation stocks among the losers amid a weaker broader market but MMC Corp and its call warrants dominated the top gainers list.
Bursa Malaysia put up a lacklustre performance early Thursday in the absence of strong leads by institutional players while Serba Dinamik eked out marginal gains in active trade.
Bursa Malaysia got off on a positive note early Wednesday, boosted by gains in Malaysia Airports (MAHB), Hong Leong Bank and IHH Healthcare while Asian markets recorded steady gains.
Blue chips staged a mild rebound early Tuesday, putting trading for June on a firmer footing, aided by gains in CIMB, IHH, Dialog and RHB Bank but Serba Dinamik hit limit-down for the second day.