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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 posted a fresh record high in trading volume of 11.807 billion units on Wednesday, driven by penny stocks, with AirAsia also actively traded after announcing it had triggered the PN17 criteria.
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: Top Glove and Hartalega continued to underpin the FBM KLCI’s advance and keeping the stock market on track for the seventh straight days of gains.
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.