Successful Stocks Stay Steady, 2 Consecutive Sessions Start Moderate

thecekodok
1 minute read

 Local market trading was relatively flat today with the benchmark index narrowing between gains and losses in the early morning.


At the opening, the FBM KLCI index started up 1.14 points at 1,473.55 before rising 0.27 points at 1,474.96 compared to Tuesday's close at 1,474.69.


In the broader market, gains at 149 outpaced losses at 133, while 227 counters were unchanged, 1,760 untraded and 25 suspended.


Total revenue at 148 million units worth RM68.8 million.


According to Malacca Securities Sdn Bhd, the local bourse showed a recovery as a result of the encouragement of bargain-hunting activities with positive sentiment from the good news in China.



However, the broad market performance on Wall Street limited the activity.


Heavyweight stocks saw Maybank and CIMB Group Holdings Bhd rise 3 sen at RM8.67 to RM5.68 while RHB Bank Bhd and Public Bank Bhd jumped 2 sen to RM5.67 and RM4.32.


Sime Darby Plantation Bhd was down 10 sen at RM4.47 with IOI Corp Bhd and Kuala Lumpur Kepong Bhd (KLK) down 2 sen at RM4.02 and RM21.72.


Active shares showed Cypark Resources Bhd up 3 sen at 47 sen, Berjaya Corp Bhd added 1 sen at 30.5 sen and Top Glove Corp Bhd gained 0.5 sen at 93 sen.


On the index board, the FBM Emas index gained 4.02 points at 10,614.90 and the FBMT 100 index added 1.40 points at 10,323.03 while the FBM Emas Shariah index fell 13.98 points at 10,830.44, the FBM 70 index fell 0.25 points at 13,095.63 and the FBM ACE index dropped 2.19 points at 5,351.46.


In terms of sectors, the Financial Services index gained 48.48 points at 16,402.85 and the Products and Services index was down 0.06 points at 180.33 while the Plantation index was down 36.39 points at 6,952.04 and the Energy index was down 0.40 points at 787.55.

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