KUALA LUMPUR: Sustained buying of glove makers Hartalega and Top Glove propelled the FBM KLCI on Tuesday to the highest close since Jan 7 while most key Asian markets also ended higher following a recovery in China's economy.
and Top Glove propelled the FBM KLCI on Tuesday to the highest close since Jan 7 while most key Asian markets also ended higher following a recovery in China's economy.
Hartalega rose RM1.60 to RM19.90 and powered the KLCI up 8.59 points. The jump in its share price saw its market capitalisation increased to RM68.21bil. Crude palm oil for third month delivery fell RM100 to RM2,572 per tonne. Despite that, IOI Corp rose six sen to RM4.56, Sime Plantation five sen to RM5.16 and PPB Group four sen to RM19.08 but KL Kepong shed six sen to RM23.82.
As for banks, RHB Bank gained five sen to RM5.01 while CIMB and Hong Leong Bank added two sen each to RM3.59 and RM14.98 and Maybank inched up one sen to RM7.83 and Public Bank flat at RM17.52.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gloves lift KLCI to positive closeKUALA LUMPUR: Gloves helped lift the FBM KLCI into the positive zone on Monday despite some weakness in banks due to concerns about the impact of the s-x month moratorium.
Read more »
Immigration Dept detained more than 17k undocumented migrants from Jan 1 to July 2KUALA LUMPUR: The Immigration Department detained a total of 17,473 undocumented migrants across the country after conducting 4,301 operations between Jan 1 and July 2 this year, the Parliament was told.
Read more »
Gloves lift KLCI to positive closeKUALA LUMPUR: Gloves helped lift the FBM KLCI into the positive zone on Monday despite some weakness in banks due to concerns about the impact of the s-x month moratorium.
Read more »
Top Glove sees RM22.25m net inflow as share price ralliesKUALA LUMPUR: Top Glove Corporation Bhd’s share price rally in the week ended July 24 was underpinned by net money inflow of RM22.25mil, according to MIDF Research.
Read more »
Bursa Malaysia stays above 1,600-point at mid-day, propelled by Hartalega and Top Glove | Malay MailKUALA LUMPUR, July 28 ― Persistent buying in glove makers Hartalega and Top Glove amidst the worldwide resurgence in Covid-19 cases has propelled Bursa Malaysia to end the morning session higher today. At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shot up 11.14 points, or 0.70...
Read more »
Bursa opens higher as bargain hunters flock to glove-linked stocks | Malay MailKUALA LUMPUR, July 27 — Bursa Malaysia bucked the regional trend to open higher today, as bargain hunters made a comeback for rubber glove-linked stocks led by Top Glove and Hartalega after both counters succumbed to profit-taking last Friday. At 9.05am, market benchmark FTSE Bursa Malaysia KLCI...
Read more »