KUALA LUMPUR, May 13 ― Glove maker counters continued to rally on Bursa Malaysia, lifting the benchmark FTSE Bursa Malaysia KCLI (FBM KLCI) to hover near the 1,400 level. At noon-break, the index jumped 18.54 points to 1,398.47 after opened 8.50 points higher at 1,383.22. It move between 1,379.10...
At noon-break, the index jumped 18.54 points to 1,398.47 after opened 8.50 points higher at 1,383.22. — Reuters pic
At noon-break, the index jumped 18.54 points to 1,398.47 after opened 8.50 points higher at 1,383.22.However, market breadth was negative with losers edging past gainers 459 to 401, while 335 counters were unchanged, 670 untraded and 17 others suspended.Bank Negara Malaysia today said the country’s economy saw a moderate growth of 0.7 per cent in the first quarter of 2020 ― the weakest growth rate since Q3 2009 ― due to the Covid-19 pandemic and the implementation of the movement control order.
Overseas, investors are keeping an ear out for the speech by the United States Federal Reserve chairman Jerome Powell on the US economy and policy actions later today. As for the actives, medical and healthcare equipment manufacturer, K-One added 10.5 sen 35.5 sen, HLT Global went up 26 sen to 64 sen, and BCM Alliance expanded seven sen to 27.5 sen.
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