Bursa Malaysia rises at noon as sentiment turns positive



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KUALA LUMPUR (Dec 23): Bursa Malaysia ended the morning session on a firm note, with the key index remaining in positive territory as market sentiment rebounded following growing hope for a Covid-19 vaccine .

At lunchtime, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index rose 8.64 points to 1,640.56 after moving between 1,627.53 and 1,644.5 throughout the session.

The overall breadth of the market was positive with the winners leading the losers 688 to 382, ​​while 709 accountants were unchanged, 369 not trading and another 38 suspended.

The volume stood at 3.72 billion units worth RM1.82 billion.

Pharmaceutical company AstraZeneca announced that the first deliveries of its Covid-19 vaccine, AZD1222, to Malaysia would likely take place in the first half of 2021.

The country’s president, Dr. Sanjeev Panchal, in a statement, said the company would provide 6.4 million doses of its vaccine with no profit.

Among heavyweights, Maybank added one sen to RM8.41, Public Bank gained 16 sen to RM20.62, Tenaga pocketed four sen to RM10.62, Petronas Chemicals and Top Glove each gained two sen to RM7.43 and RM6. 71, respectively, and Hartalega won 10 sen at RM12.70.

IHH Healthcare, however, was stable at RM5.65.

Among assets, Techna-X rose 1.5 sen to 16 sen, Jiankun slipped 10.5 sen to 58 sen, AirAsia X rose half sen to 7.5 sen, while FGV rose 10 sen to RM1.28 after the notice of the unconditional obligation. Tender offer from the Federal Authority for Land Development (Felda).

On the index board, the FBM Emas index was 76.9 points higher to 11,786.36, the FBMT 100 index improved 73.39 points to 11,555.1, the FBM Emas Shariah index gained 69.34 points to 13,250.68, the FBM 70 rose 144.45 points to 15,052.23, and the FBM ACE increased 208.02 points to 10,685.22.

The Industrial Products and Services Index added 0.87 points to 173.36, the Plantations Index appreciated 62.35 points to 7,343.8 and the Financial Services Index pocketed 111.34 points to 15,260.78.



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