Business

Bursa Malaysia rallies on first day of MCO 2.0

949 counters up on local bourse, with benchmark FBM KLCI rising to 1,636.69

Updated 5 years ago · Published on 13 Jan 2021 5:28PM

Bursa Malaysia rallies on first day of MCO 2.0
Gainers trounced losers 949 to 348 on Bursa Malaysia today, while 309 counters were unchanged, 493 untraded and 11 others suspended. – Bursa Malaysia pic, January 13, 2021

KUALA LUMPUR – Investor interest on Bursa Malaysia continued to gain momentum, driving the share market broadly higher on the first day of the reinstatement of the movement control order.

Overall, market sentiment improved as the proclamation of a nationwide state of emergency helped to remove uncertainty domestically, while oil prices continued to hover above the US$56 per barrel level.

At 5pm, the benchmark FBM KLCI surged 24.65 points to 1,636.69 compared with 1,612.04 at yesterday’s close.

The index opened 5.64 points higher at 1,617.68 and moved between 1,617.68 and 1,637.10.

On the broader market, gainers trounced losers 949 to 348, while 309 counters were unchanged, 493 untraded and 11 others suspended.

Total volume, however, slipped to 7.12 billion units worth RM5.11 billion from 8.41 billion units worth RM5.76 billion yesterday.

The main market volume declined to 4.76 billion shares worth RM4.43 billion from yesterday's 5.17 billion shares worth RM4.74 billion.

Warrants turnover slipped to 500.21 million units valued at RM81.51 million versus 537.39 million units valued at RM81 million.

Volume on the ACE market dipped to 1.86 billion shares worth RM592.77 million from 2.7 billion shares worth RM939.38 million previously.

Consumer products and services accounted for 513.47 million shares traded on the Main Market, industrial products and services (1.89 billion), construction (238.91 million), technology (373.91 million), SPAC (nil), financial services (117.57 million), property (380.92 million), plantations (117.33 million), REITs (13.31 million), closed/fund (16,300), energy (629.16 million), healthcare (105.78 million), telecommunications and media (80.11 million), transportation and logistics (261.84 million), and utilities (37.33 million). – Bernama, January 13, 2021

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