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KUALA LUMPUR: Hartalega and Top Glove's sizzling rally hit a speed bump on Tuesday as investors took profit and pushed the FBM KLCI below the critical 1,600 level as key Asian markets retreated.
KUALA LUMPUR: Supermax closed at a fresh high on Friday as investors chased up the stock while the FBM KLCI was boosted by Top Glove and Hartalega due to the continued increase in Covid-19 infections globally.
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects the stock market to move into a consolidation mode following a spectacular recovery into a bull territory from a global Covid-19 outbreak-induced bear market.
KUALA LUMPUR: The trading frenzy eased off in late afternoon on Thursday as heavy churning of penny stocks took a breather while the FBM KLCI failed to hold on to its gains.
KUALA LUMPUR: Bursa Malaysia's recent rally hit a speed bump on Tuesday on selling of Petronas-linked stocks and Tenaga Nasional, in line with the key Asian markets except China.
KUALA LUMPUR: Bursa Malaysia gave up its gains from earlier in the day as profit-taking took over following the recent price surge.
KUALA LUMPUR: Bursa Malaysia stretched its gains for the sixth straight day on Monday in a broad rally, as investor' confidence was further galvanised by the jump in Chinese blue chips and fund buying of glove makers.
KUALA LUMPUR: Sustained buying of Hartalega and Top Glove sent the glove makers to record highs and also helped power the FBM KLCI to the highest close in three weeks.
KUALA LUMPUR: Bursa Malaysia and key Asian markets started Friday on a firmer note after Wall Street closed higher on jobs gains despite the spike in Covid-19 coronavirus cases.