Top Glove leads KLCI rebound, Optimax shines

TheStar Tue, Aug 18, 2020 09:34am - 3 years View Original


KUALA LUMPUR: Top Glove led blue chips higher in early trade on Tuesday while eye specialist services Optimax was in the limelight with its stellar debut on the ACE Market.

At 9.17am, the FBM KLCI was up 5.20 points or 0.33% to 1,565.94. Turnover was 1.09 billion shares valued at RM478.74mil. There were 297 gainers, 235 losers and 285 counters unchanged.

Overnight on Wall Street, technology stocks continued their recent rally as investors see them as a firm beneficiary of coronavirus lockdowns, which have fueled demand for products and services that enable people to work from home, reports said.

At Bursa, foreign funds were net buyers on Bursa on Monday at RM139.3mil while local retail investors turned net sellers at RM120.6mil and local institutions at RM18.6mil.

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