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Bursa Malaysia ends morning session higher as interest in glove stocks persists | Malay Mail

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KUALA LUMPUR, July 27 — Bursa Malaysia shrugged off concerns over the rising tensions between the United States and China by ending the morning session higher today, as buying interest in glove stocks persisted. At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...

Monday, 27 Jul 2020 01:30 PM MYT

At lunch break, the benchmark FTSE Bursa Malaysia KLCI rose 4.56 points, or 0.29 per cent, to 1,594.17 from 1,589.61 at the close last Friday.Market breadth was positive with gainers outnumbering losers 510 to 448, while 392 counters were unchanged, 659 untraded and 28 others suspended.The top gainers list was dominated by glove stocks led by Kossan, which surged RM1.38 to its all-time high of RM15.18. Careplus added 53 sen to RM2.99, Comfort improved 43 sen to RM4.

A dealer said the return of double-digit Covid-19 cases in Malaysia had sparked second wave fears in the country, boosting demand for glove-linked stocks.

 

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