KUALA LUMPUR, July 17 — Bursa Malaysia closed on a stronger note Friday amid gains almost across the board with investors actively seeking out domestic shares after yesterday’s downtrend, as hopes of further stimulus in Europe and the United States outweighed Covid-19 worries and the fall on...
An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari Anggara
The market opened 10.30 points weaker at 1,563.01 and the benchmark index moved between 1,563.01 and 1,599.59 throughout the day. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Friday’s gains came about as investors brushed off concerns over the US detention order on Top Glove’s subsidiaries, sending the stock about 17 per cent higher.
Among others, Hang Seng Index increased 0.47 per cent to 25,089.17 and Shanghai’s SSE Composite Index rose 0.13 per cent to 3,214.13. On the domestic front, Top Glove jumped RM3.28 to RM22.98 from yesterday’s revised closing price of RM19.70 and Hartalega was up RM1.94 at RM17.10.Of the most active, XOX increased 4.5 sen to 15 sen, Lambo rose one sen to four sen and Pegasus remained flat at 2.5 sen.
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