The Stock Exchange Is Still 'Energized' But Who Is 'Moving' This Rally?

thecekodok

 Buying interest in energy, transport and logistics stocks drove a rally on local bourses, trailing the performance of other regional peers.


At the opening, the FBM KLCI index started 5 points at 1,447.12 before rising 0.68 points at 1,442.80 compared to Monday's close at 1,442.12.


In the broader market, gains at 162 offset losses at 96, while 218 counters were unchanged, 1,839 untraded and 9 suspended.


Total revenue at 168.82 million units worth RM43.16 million.



Ulas Rakuten Trade Sdn Bhd, guided by the current performance, it is not impossible for the KLCI to move to a level between 1,430-1,450 today even though the regional market is in uncertainty.


Heavyweight stocks saw Dialog Group Bhd remain at RM2.07, Petronas Gas Bhd added 20 sen to RM17.20, Press Metal Aluminum Holdings Bhd rose 3 sen to RM4.43, Axiata Group Bhd climbed 2 sen to RM2.88 and Hong Leong Bank Bhd added 8 sen to RM20.68.


Active stocks saw Advance Synergy Bhd remain 9 sen and Zen Tech International Bhd flat 3 sen while Velesto Energy Bhd and Bina Puri gained 0.5 sen at 13.5 sen and 3 sen respectively while EA Holdings Bhd shed 0.5 sen at 1 sen.


On the index board, the FBM Emas index rose 1.59 points to 10,246.48 and the FBM Emas Shariah index jumped 9.56 points to 10,371.42 while the FBM 70 budded 21.19 points to 12,172.14, the FBMT 100 index fell 0.41 points to 9,978.62 and the FBM ACE plunged 21.71 points to 4,928.12


In terms of sectors, the Energy index added 4.54 points to 732.66, the transport and logistics index jumped 5.04 points to 858.31, the Products and Services index fell 0.35 points to 174.66 and Plantation jumped 32.20 points to 6,857.19 while the Financial Services index dropped 4.67 points to 16,097.47.

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