Relief rally continues on Bursa

TheStar Tue, Oct 06, 2020 09:22am - 3 months ago


KUALA LUMPUR: The FBM KLCI experienced a positive start on Tuesday as the relief rally continued following US President Donald Trump's discharge from hospital and US stimulus hopes rose.

At 9.05am, the key index was up 3.4 points to 1,515.83. There was a broad-based rally over the market with 277 counters gaining versus 84 in the red.

Financial counters gained with Maybank up seven sen to RM7.19, Public Bank up six sen to RM15.86, Hong Leong Bank jumping 38 sen to RM15.38, CIMB adding two sen to RM3.08 and RHB rising five sen to RM4.55.

While glove counters experienced a strong start, they soon descended into the red. Top Glove was down six sen to RM8.86 while Hartalega dropped six sen to RM17.50.

Supermax slipped 10 sen to RM9.63 and Kossan dropped 32 sen to RM14.72.

Tenaga Nasional climbed 10 sen to RM10.50 and Petronas Chemicals gained three sen to RM5.93.

Top traded counters were Bintai Kinden down one sen to 67.5 sen, Dynacia up one sen to 11 sen and XOX unchanged at 12 sen.

Asian markets edged higher on Tuesday on Trump's health update and as negotiations over a US stimulus bill made progress.

Japan's Nikkei rose 0.3% and South Korea's Kopsi gained 0.7% while Australia's ASX200 stayed flat.






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