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KUALA LUMPUR (October 13): The FBM KLCI rallied in today’s afternoon trading session after Istana Negara issued a statement confirming that PKR President Datuk Seri Anwar Ibrahim had an audience with the King .
In the statement that was issued around 3 pm, the Comptroller of the Royal Household Datuk Ahmad Fadil Shamsuddin said that the opposition leader had told the King the number of members of Parliament (MP) who supported him.
However, the comptroller said Anwar did not reveal the legislators’ identities to back up his claim. He also said that the King advised Anwar to “abide by and respect the legal processes enshrined in the Federal Constitution.”
The FBM KLCI was hovering in the negative zone throughout the morning session. However, it posted a rally from an intraday low of 1,512.18 points at 3:30 pm. The benchmark index rose 13.62 points from the intraday low to close at 1,525.20.
It gained 6.77 points or 0.45% compared to yesterday’s close. The accountants that raised the index were Petronas Dagangan Bhd, Petronas Chemicals Group Bhd and IOI Corp Bhd.
However, in the broader market, stock price performance was mixed with 444 accountants posting gains, 427 accountants experiencing declines, and 535 accountants unchanged.
The trading volume was 5.97 billion shares across the board today, with a total turnover of RM3.89 billion.
The continuous flow of news about the growing number of new Covid-19 cases locally and globally has kept glove counters on investors’ buying lists.
Top Glove Corp Bhd was up 1.34% or 12 sen to RM9.09, valuing the world’s largest glove maker at RM74.4 billion. Hartalega Holdings Bhd was up 0.5% or eight sen to RM17.58, giving it a market capitalization of RM60.26 billion.
Supermax Corp Bhd gained 2.21% or 22 sen to RM10.18, valuing it at about RM27.70 billion, while Kossan added 0.81% or six sen to RM7.51, resulting in a market capitalization of RM9.60 thousand millions.
The smaller players in rubber gloves took a bigger leap today. Rubberex Corp (M) Bhd, the second biggest value gainer, jumped 14.2% or 92 sen to RM7.40, while Comfort Gloves Bhd jumped 13.73% or 53 sen to RM4.39.
Advance Synergy Bhd continued to top the list of most actively traded shares, with 554.23 million shares changing hands, which is more than half of its issued share capital of 929 million shares.
Kanger International Bhd was the second most traded counter with 256.81 million shares traded, followed by AT Systematization Bhd, whose trading volume increased to 228.9 million shares.
The main winners were Fraser & Neave Holdings Bhd, Rubberex and Nestle (Malaysia) Bhd. The main losers were Dutch Lady Milk Industries Bhd, Carlsberg Brewery Malaysia Bhd and MISC Bhd.
In the rest of the region, Hong Kong’s Hang Seng Index rose 2.2% or 530.55 points to 24,649.68, while the Shanghai Composite Index rose 1.28 points to 3,359.75.
Japan’s Nikkei 225 was up 0.18% or 43.09 points to 23,601.78, while South Korea’s Kospi was down 0.02% or 0.58 points to 2,403.15.
According to Reuters, Asian markets stabilized today after Chinese trade data highlighted the republic’s economic recovery, and fresh optimism about new stimulus in the US is expected to keep global investor sentiment high.
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