In­ter­est in big stocks

The Sun (Malaysia) - - SPEAK UP -

BURSA Malaysia ended higher yes­ter­day on fol­lowthrough buy­ing sup­port in most FBM KLCI-linked stocks led by May­bank, deal­ers said.

The FBM KLCI gained 9.79 points or 0.58% to 1,696.34. The mar­ket bell­wether moved within a range of 7.78 points be­tween 1,694.85 and 1,702.63 dur­ing the day.

On the broader mar­ket, how­ever, losers out­paced gain­ers 583 to 316, while 353 coun­ters were un­changed, 669 un­traded and 73 sus­pended.

Among the heavy­weights, May­bank and Pub­lic Bank each rose 2 sen to RM9.45 and RM24.90 re­spec­tively, TNB fell 2 sen to RM14.24, Petronas Chem­i­cals eased 1 sen to RM9.25, while CIMB added 10 sen to RM5.85. IHH Health­care gained 25 sen to RM5.50.

Of the top gain­ers, PPB in­creased 90 sen to RM17.90 and Nes­tle was up 80 sen to RM147.00.

Her­mana Cap­i­tal Bhd di­rec­tor Datuk Dr Nazri Khan Adam Khan said ex­ter­nal fac­tors in­clud­ing the strong re­bound in the US mar­kets helped boost in­vestors’ sen­ti­ment yes­ter­day.

He also said De­cem­ber would usu­ally be the start of a good rally for the stock mar­ket as most big funds are ex­pected to ac­cu­mu­late shares ahead of the New Year. – Ber­nama

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