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KUALA LUMPUR: Glove counters advanced Wednesday amid news that Johnson & Johnson’s Covid-19 vaccine trial has been halted due to safety concerns.
The jump in heavyweights tied to FBM KLCI helped offset some losses in the domestic market amid a wave of profit-taking after two days of strong gains.
Top Glove rose 23 sen to RM9.32 and Hartalega
it rose 22 sen to RM17.80, in line with the rest of the sector.
At 12.30pm, the FBM KLCI was down 4.92 points to 1,520.28 as most of the index heavyweights pulled out of recent gains.
It was also observed that trading activity in the market rose with 3.79 billion shares traded worth RM3.11bil.
According to Malacca Securities Research, yesterday’s advance was due to investors’ relief that there were no changes to the political agenda.
Petronas Dagangan fell 30 sen to RM19.70 while MISC fell 12 sen to RM6.73.
Among bank shares, Public Bank fell 10 sen to RM15.86 and Maybank lost eight sen to RM7.27.
Meanwhile, Mtronic rose 1 sen to 11.5 sen, Esceram rose 21.5 sen to 74 sen, and HLT added 17 sen to RM1.90.
In Asian markets, Japan’s Nikkei added 0.1%. However, China’s key index fell 0.5% and Hong Kong’s Hang Seng was down 0.3%.
Australia’s ASX200 was also down 0.1%.
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