KUALA LUMPUR, July 29 — Bursa Malaysia closed at the highest level of the year after surpassing the 1,610-resistance level on last-minute buying today. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ticked up 1.48 points, or 0.09 per cent, to 1,611.42 from 1,609.94 at yesterday’s...
At 5pm, the benchmark FTSE Bursa Malaysia KLCI ticked up 1.48 points, or 0.09 per cent, to 1,611.42 from 1,609.94 at yesterday’s close. — Bernama pic
Previously, the highest closing level this year was on January 3, 2020, when the market benchmark ended at 1,611.38. Trading volume narrowed to 10.53 billion units worth RM6.95 billion from 11.85 billion units worth RM7.24 billion yesterday. “Besides, the announcement of the loan moratorium extension by Prime Minister Tan Sri Muhyiddin Yassin today also dented the finance-linked counters’ performance, as the exercise would affect banks’ earnings,” he told Bernama.
Of the top gainers, Kossan added 62 sen to RM17.92, Rubberex rose 45 sen to RM5.04, Vitrox advanced 42 sen to RM11.84, MPI was 40 sen higher at RM12.70 and DKSH climbed 38 sen to RM3.47. On the index board, the FBM Emas Index lifted 2.8 points to 11,469.30, the FBMT 100 Index grew 5.22 points to 11,307.98 and the FBM Emas Shariah Index was 17.15 points firmer at 13,465.35.Sector-wise, the Financial Services Index retreated 31.95 points to 13,336.51, the Plantation Index declined 43.95 points to 7,140.41 while the Industrial Products and Services Index edged up 0.95 of-a-point to 142.42.
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