Thursday, 8 April 2021

Bursa Noon Market Report by Money Life Research

 Noon Market

Bursa ends morning session in positive territory

KUALA LUMPUR (April 8): Bursa Malaysia ended the morning session in positive territory on persistent buying support for heavyweight stocks, led by the healthcare counters.

At the lunch break, the FBM KLCI was 1.69 points better at 1,602.28 from yesterday’s close at 1,600.59.

The index opened 0.78 of a point easier at 1,599.81, and moved between 1,599.51 and 1,609.39 throughout the morning session.

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However, on the broader market, losers led gainers 519 versus 486, while 419 counters were unchanged, 732 untraded and 25 others suspended.

Total volume stood at 4.54 billion shares worth RM2.61 billion.

“The FBM KLCI is able to sustain above the 1,600 today, but sentiments remain tepid on the absence of any clear buying catalysts.

Singapore’s Straits Times Index edged up 0.05 per cent to 3,197.49, Japan’s Nikkei was 0.25 per cent easier at 29,747.46, Hong Kong’s Hang Seng was up by 0.83 per cent to 28,913.50, and South Korea’s Kospi fell 0.04 per cent to 3,136.49

Back home, heavyweights Maybank fell 18 sen to RM8.30, Public Bank shed two sen to RM4.20, Petronas Chemicals slipped 10 sen to RM7.85, Tenaga reduced four sen to RM10.22 and IHH Healthcare was down eight sen to RM5.32.

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