FBM KLCI on high note at lunch break, investor slowly gaining confidence | Malay Mail

Wednesday, 02 Sep 2020 01:56 PM MYT

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI added 6.35 points or 0.417 per cent to 1,527.78 from Tuesday’s close of 1,521.43. Rakuten Trade head of research Kenny Yee attributed the currently high liquidity in the system mainly to the low-interest regime not only in Malaysia but in other countries as well.

Analysts are also bullish that the worst is behind us after economies posted the weakest gross domestic product data since the Great Depression. Among the actives, Pasukhas rose 2.5 sen to 14 sen, JCY International gained 16 sen to 83.5 sen, Sapura inched up one sen to 13.5 sen but MQ Technology was 2.5 sen lower at 21 sen.

As for the top gainers, Malaysian Pacific Industries rose RM1.04 to RM18.04, Nestle up RM1 to RM140.00 and F&N was 50 sen higher at RM31.60.

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