Business

Bursa rallies on positive response to Budget 2021

FBM KLCI rises 9.1 points to 1,528.74 after opening 1.99 points better at 1,521.63

Updated 5 years ago · Published on 09 Nov 2020 10:35AM

Bursa rallies on positive response to Budget 2021
The overall market breadth on Bursa is bullish this morning. – Facebook pic, November 9, 2020

KUALA LUMPUR – Bursa Malaysia today rose higher across the board in early trade as investors reacted positively to Budget 2021.

At 9.23am, benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.1 points to 1,528.74 after opening 1.99 points better at 1,521.63.

The overall market breadth was bullish, with gainers surpassing losers 524 to 209, while 334 counters were unchanged, 1,081 untraded and 32 suspended.

Total volume stood at 2.01 billion worth RM727.69 million.

Rubber glove manufacturers Hartalega and Top Glove are the biggest gainers among the index-linked counters, contributing a combined 5.196 points to FBM KLCI.

Hartalega surged 48 sen to RM18.68, while Top Glove increased 11 sen to RM8.61.

On the index board, the FBM Emas index rose 71.07 points to 11,090.04, FBMT 100 index was 67.41 points firmer at 10,880.69, and FBM Emas Shariah index jumped 104.23 points to 13,379.64.

The FBM 70 soared 100.83 points to 14,617.63, and FBM ACE hiked 183.24 points to 11,157.15. – Bernama, November 9, 2020

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