KLCI Market News
Market Open
Bursa opens higher, CI recovers slightly above 1,600
KUALA LUMPUR (April 15): Bursa Malaysia was higher this morning, in line with regional peers, lifted by better market sentiment as fears over United States high inflation subsided, dealers said.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.91 points to 1,600.19 from Wednesday’s close of 1,597.71.
The index opened 1.53 points higher at 1,599.81.
The rise in composite index was largely supported by gains in rubber glove stocks and other selected heavyweights.
Supermax and Top Glove rose six sen each to RM4.66 and RM5.19, respectively, and Hartalega picked up three sen to RM9.50.
Market breadth turned positive with gainers leading losers 212 to 180, while 309 counters were unchanged, 1,476 untraded and 25 others suspended.
Total volume stood at 265.65 million shares worth RM158.26
"We believe oil and gas counters will be under traders’ radar in view of the surge in oil prices.
“Daily demand on food and packaging amid the extension of the movement control order may attract buying interest in the consumer and packaging sectors,” it said, adding that the healthcare sector is also in focus as Malaysia is on the brink of the fourth wave of COVID-19 in view of rising new and active cases.
Of the heavyweights, Maybank earned two sen to RM8.33, Petronas Chemicals and Tenaga rose four sen each to RM7.92 and RM10.20, respectively, while both Public Bank and IHH Healthcare were flat at RM4.20 and RM5.40, respectively.
Among the active counters, AT Sytematization and Asia Poly inched up half-a-sen each to 10 sen and 41 sen, respectively, Widad bagged one sen to 54.5 sen, while Ucrest was flat at 30.5 sen.
On the index board, the FBM Emas Index was 15.76 points higher at 11,850.6, the FBM Emas Shariah increased 22.76 points to 13,225.47, the FBMT 100 advanced 11.99 points to 11,494.63, the FBM 70 improved 9.87 points to 15,848.38, and the FBM ACE garnered 85.79 points to 9,419.29.
Sector-wise, the Industrial Products and Services Index added 0.57 of-a-point to 195.49, the Plantation Index perked 1.2 points to 6,970.02, and the Financial Services Index gained 2.96 points to 15,124.19.
KLSE Stock Picks
Market Close
FBM KLCI up, but trails Healthcare Index gains
KUALA LUMPUR (April 15): The FBM KLCI finished up 0.62% today despite pervasive negative sentiment, while the Healthcare Index continued to rise, as growing cases of Covid-19 globally fuelled buying of stocks in glove manufacturers.
At 5pm, the benchmark index closed at its day’s high of 1,608.25 points, up by 9.97 points from yesterday's closing of 1,598.78 points.
The market breadth, however, was negative with losers 801 losers versus 323 gainers, while 427 counters remained unchanged. Across Bursa Malaysia, trading volume stood at 6.49 billion securities, compared with 5.91 billion shares traded yesterday. Meanwhile, trading value increased by 58% to RM4.71 billion versus RM2.99 billion.
KLCI constituents Supermax Corp Bhd, Top Glove Corp Bhd and Hartalega Holdings Bhd were among Bursa’s top gainers by value today.
The three counters are also members of Bursa's Healthcare index, which rose the most in percentage terms among bourse gauges, settling up 101.77 points or 3.34% at 3,146.94.
Notable gainers also included Nestle (M) Bhd, Press Metal Aluminium Holdings Bhd and Petronas Dagangan Bhd.
Rakuten Trade head of equity sales Vincent Lau told that the KLCI bucked the regional downtrend, as glove counters powered to the positive performance of the KLCI.
“Given the rising Covid-19 cases across the globe, this has prompted the investors to flock into rubber glove makers,” he explained.
Meanwhile, Malaysian Pacific Industries Bhd (MPI) was the day’s top loser by value on the local bourse, followed by Heineken (M) Bhd, TIME dotCom Bhd, Carlsberg Brewery (M) Bhd, Hong Leong Financial Group Bhd, KESM Industries Bhd, Dutch Lady Milk Industries Bhd, Genting Bhd and Kuala Lumpur Kepong Bhd.
Of the actives, LKL International Bhd topped the list with 299.01 million shares traded. It closed down 1.5 sen or 4.23% at 34 sen.
Other active lists included Minda Global Bhd, Focus Dynamics Group Bhd, G3 Global Bhd, At Systematization Bhd, Mestron Holdings Bhd, HLT Global Bhd, Careplus Group Bhd, Luster Industries Bhd and Rubberex Corp (M) Bhd.
In China, Hong Kong’s Hang Seng Index fell 0.37% while the Shanghai Stock Exchange Composite Index dropped 0.52%.
Japan's Nikkei pared early gains to finish 0.07% higher, while New Zealand's benchmark index fell 0.9%.
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