Friday 5 February 2021

Mid- Morning Market Report- Money Life Research

The main index of Bursa Malaysia reversed its earlier gains and dipped in the mid-morning as glove makers and plantation stocks dragged against a backdrop of mixed regional markets.

At 10am, the FBM KLCI had fallen 2.82 points to 1,582.08. The index earlier rose to a high of 1,590.47.

The decliners included Nestle (Malaysia) Bhd, Kuala Lumpur Kepong Bhd (KLK), Supermax Corp Bhd, Unisem (M) Bhd, Top Glove Corp Bhd, PPB Group Bhd, United Plantations Bhd, and Batu Kawan Bhd.

The actively traded stocks included i-Stone Group Bhd, Trive Property Group Bhd, Luster Industries Bhd, QES Group Bhd, Iris Corp Bhd, and Fintec Global Bhd.

The gainers included Malaysian Pacific Industries Bhd, Genetec Technology Bhd, See Hup Consolidated Bhd, and Hong Leong Bank Bhd (HLB).

E-mini futures for the S&P 500 and Hong Kong's Hang Seng Index futures were essentially flat, while Japan's Nikkei 225 futures inched 0.1% higher, it said.


Bursa Malaysia Stock Tips


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