MONEY MASTER

KUALA LUMPUR (May 29): Trading value soars to RM9.31 billion today on Bursa Malaysia — two years after the previous peak at RM9 billion on May 31, 2018 — with 9.04 billion securities traded across the board. The FBM KLCI today marked its third consecutive trading day of gains with the benchmark index climbing 15.75 points or 1.08% to close at a three-month high of 1,473.25. Strong interest was also seen in the small-cap stocks with the FBM Small Cap Index jumping 153.46 points or 1.29% to 12,061.84 — nearly a three-month high. Among the sector indices, Bursa Malaysia Property index led with a 4.88% climb to settle at 641.05 points today. It was followed by the Utilities Index, which increased 3.98% to 992.63 points, Healthcare Index, which rose 2.31% to 2,296.25, Consumer Products and Services, up 2.29% to 567.72 points, while Industrial Products and Services jumped 1.78% to 130.06 points. The overall market breadth was bullish with advancers trouncing l...

KUALA LUMPUR (May 28): The FBM KLCI closed 5.77 points or 0.4% higher today tracking overnight gains on Wall Street on the back of optimism about the reopening of the US economy. The benchmark index closed at 1,457.5, after moving between 1,449.25 and 1,458.73. Apart from the Wall Street gains, the KLCI’s rise was also due to the index playing catch up after the Aidilfitri holiday break on Monday and Tuesday, Rakuten Trade Research head Kenny Yee Shen Pin told theedgemarkets.com. He, however, warned that the uptrend is unlikely to sustain as the market is lacking a catalyst to provide the support for further gain. Among KLCI component stocks, Genting Malaysia Bhd led the gainers with a 3.14% or seven sen rise to RM2.30, followed by Dialog Group Bhd (up 2.97% or 11 sen to RM3.81), and CIMB Group Holdings Bhd (up 2.63% or nine sen to RM3.51). Total turnover on Bursa Malaysia was 6.94 billion shares, worth RM5.45 billion. Losers led gainers by 546 to 366, while ...

KUALA LUMPUR (May 27): Continuous buying of selected rubber glove stocks led to the FBM KLCI closing 14.97 points or 1.04% higher today. The benchmark index settled at 1,451.73 points after moving in positive territory — between 1,446.42 and 1,458.24 — throughout the trading session. Two rubber glove makers — Top Glove Corp Bhd and Hartalega Holdings Bhd — were the top gainers among the KLCI’s 30 component stocks, both rising by 8.8% for the day. Top Glove advanced RM1.04 to RM12.86, with 32.34 million shares done, while Hartalega jumped 88 sen to RM10.88, with 12.68 million shares traded. Rakuten Trade Research vice-president Vincent Lau said the positive sentiment that drove glove stocks higher was also seen in other counters. “This was in line with the overnight gains seen in the Dow Jones Industrial Average in the US,” he said, adding that key regional bourses also finished higher today. On Bursa Malaysia’s boarder market, gainers led ...