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KUALA LUMPUR (Oct 20): Trading volume in Bursa Malaysia surpassed 10 billion stocks in afternoon trading today in what analysts see as a strong return of retail investor interest in small-cap stocks market (small cap) in rubber glove and healthcare related. sectors amid growing numbers of Covid-19 infections globally.
At 4:23 pm, 10.08 billion securities worth RM5.29 billion were traded in Bursa.
Analysts at TA Securities Holdings Bhd wrote in a note earlier today: “Rubber gloves and healthcare-related stocks surged on Monday due to the outlook for strong demand from resurgent Covid-19 cases globally. , further helped by the strong return of retail participation in small caps and ACE Stocks market. FBM KLCI rose 14.27 points to close at 1,518.11, from a low of 1,505.92 and a high of 1,521.91, as the winners led the losers from 723 to 387 in a solid trade totaling 9.5 billion shares worth RM 5.4 billion. “
“(Today,) blue chips should roll back following the overnight US stock market correction amid renewed uncertainty about a new US stimulus package ahead of a deadline and mounting Covid infections -19 worldwide, but strong retail interest in small caps in the rubber glove and health-related sectors should highlight trade, “they said.
At 4:23 p.m., the KLCI fell 4.94 points or 0.33% to 1,513.17.
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