Bursa Malaysia Rebounds with Financial Sector Gains
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Bursa Malaysia bounced back today, shaking off yesterday’s losses with a robust performance. The $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ surged 13.63 points, or 0.85%, to close at 1,625.57, driven by gains in the financial sector and positive regional market sentiment.
Key Movers and Shakers
• Heavyweights:
• Gainers: $MAYBANK (1155.MY)$ (+14 sen to RM10.22), $PBBANK (1295.MY)$ (+3 sen to RM4.21), $CIMB (1023.MY)$ (+22 sen to RM7.43), $IHH (5225.MY)$ (+8 sen to RM6.30).
• Losers: $TENAGA (5347.MY)$ (-2 sen to RM14.08).
• Actives:
• Gainers: $BWYS (0313.MY)$ (+1 sen to 35 sen), $HUBLINE (7013.MY)$ (+0.5 sen to 13 sen).
• Losers: $VELESTO (5243.MY)$ (-0.5 sen to 21.5 sen), $TOPGLOV (7113.MY)$ (-6 sen to RM1.03), $VELOCITY (7165.MY)$ (-1 sen to 6.5 sen).
Sector Performance
• Gainers:
• $Bursa Finance Services (0010I.MY)$ (+217.65 points to 18,173.08).
• $Bursa Plantation (0025I.MY)$ (+34.59 points to 7,203.64).
• $Bursa Industrial Products & Services (0002I.MY)$ (+0.12 points to 192.0).
• Losers:
• $Bursa Energy (0061I.MY)$ (-9.98 points to 953.44).
Market Sentiment
Turnover increased to 4.42 billion units worth RM3.62 billion. Despite a larger number of decliners (602) compared to gainers (480), the market showed resilience. Investors are eyeing upcoming US tech earnings and central bank decisions for further direction.
Insights
Bursa Malaysia’s rally today reflects investor confidence in the financial sector and positive sentiment from regional markets. Keep an eye on how global economic events and tech earnings will shape the market in the coming days.
• Heavyweights:
• Gainers: $MAYBANK (1155.MY)$ (+14 sen to RM10.22), $PBBANK (1295.MY)$ (+3 sen to RM4.21), $CIMB (1023.MY)$ (+22 sen to RM7.43), $IHH (5225.MY)$ (+8 sen to RM6.30).
• Losers: $TENAGA (5347.MY)$ (-2 sen to RM14.08).
• Actives:
• Gainers: $BWYS (0313.MY)$ (+1 sen to 35 sen), $HUBLINE (7013.MY)$ (+0.5 sen to 13 sen).
• Losers: $VELESTO (5243.MY)$ (-0.5 sen to 21.5 sen), $TOPGLOV (7113.MY)$ (-6 sen to RM1.03), $VELOCITY (7165.MY)$ (-1 sen to 6.5 sen).
Sector Performance
• Gainers:
• $Bursa Finance Services (0010I.MY)$ (+217.65 points to 18,173.08).
• $Bursa Plantation (0025I.MY)$ (+34.59 points to 7,203.64).
• $Bursa Industrial Products & Services (0002I.MY)$ (+0.12 points to 192.0).
• Losers:
• $Bursa Energy (0061I.MY)$ (-9.98 points to 953.44).
Market Sentiment
Turnover increased to 4.42 billion units worth RM3.62 billion. Despite a larger number of decliners (602) compared to gainers (480), the market showed resilience. Investors are eyeing upcoming US tech earnings and central bank decisions for further direction.
Insights
Bursa Malaysia’s rally today reflects investor confidence in the financial sector and positive sentiment from regional markets. Keep an eye on how global economic events and tech earnings will shape the market in the coming days.
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