Public Bank, Tenaga lead KLCI higher

TheStar Wed, Jan 13, 2021 09:21am - 1 month ago

KUALA LUMPUR: Public Bank and Tenaga Nasional underpinned the FBM KLCI’s gains early Wednesday as market sentiment continued be steady amid some mild concerns about the economic impact from the MCO 2.0.

At 9.10am, the FBM KLCI was up 9.5 points or 0.59% to 1,621.54. Turnover was 488.29 million shares valued at RM270.47mil. There were 376 gainers, 168 losers and 285 counters unchanged.

Rakuten Trade said following the mixed performances in the US and Europe, the KLCI could hover sideways with support at 1,570.

The KLCI is seen to stabilise on Wednesday after the initial panic selling on Tuesday.

“As some of us are faced with MCO 2.0, we reckon trading activities to improve especially on the smaller caps today, ” it said.

Public Bank rose 52 sen to RM20.60 while Tenaga gained 12 sen to RM10.24.

MPI was the top gainer, up RM1.12 to RM27.98, KESM 56 sen to RM15.58 and UWC 26 sen to RM9.75.

Pharmaniaga rose 25 sen to RM5.41 on news it is partnering with China's Sinovac Life Sciences Co Ltd for the supply of 14 million doses of Covid-19 vaccine in Malaysia.

Firmer crude oil prices saw refiners Petron gaining 13 sen to RM4.84 and Hengyuan 12 sen to RM5.46.

Oriental Interest regained its footing to climb 15 sen to RM2.55 on its one-for-one bonus shares, rights and warrants plan.

Carlsberg fell 28 sen to RM20.88 on concerns about the impact of the MCO 2.0. Amway lost 10 sen to Rm5.55 in thin trade.

Padini shed five sen to RM2.75 as the MCO could impact the sales.

Related Stocks

AMWAY 5.790
KESM 13.500
OIB 2.570
PADINI 2.760
PBBANK 4.350
PHARMA 3.670
TENAGA 10.340
UWC 5.810


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