( Kuala Lumpur, 5th June 2020 ) Although Tan Sri Muhyiddin Yassin's government released a new economic package of RM35 billion, it has lost ground to the consolidating pressure of the Malaysian stock market for several consecutive days. The seven consecutive gains have stopped and cannot follow the rebound in regional stock markets.
The FTSE KLCI fell slightly less than 1 point today, opened the transaction at 1561.17 points, once fell 14.27 points to 1547.57 points, and then quickly recovered part of the lost ground, closing the day fell 5.51 points, hanging 1553.33 points.
The FTSE All-Share Index fell slightly by 39.99 points to 10930.78 points, while the GEM Index's decline was far more serious, falling 69.37 points or 1.17% to 5852.53 points.
Stocks on the floor fell more and less, with 615 falling stocks, 427 higher than rising stocks, and 415 flat stocks.
The total trading volume of the audience was 8.67032 million shares, valued at 6.199796 million ringgits.
With the solidarity of many securities firms, glove stocks continued to rise, led by the world's largest top-level gloves (TOPGLOV, 7113, Main Board Healthcare Group). The stock rose 94 cents to 16 ringgits and 38 cents at the close. Price stock. In addition, the protective gloves (CAREPLS, 0163, GEM Healthcare Group) also ranked fourth among the top stocks with a turnover of 109.58 million shares. The stock price rose 9 sen or 5.84% to MYR1 63 sen.
Heavyweight blue chip stocks faced selling pressure, its China Petroleum & Chemical (PCHEM, 5183, Main Board Industrial Products Services Group) fell 27 sen to RM 6 70 sen; Public Bank (PBBANK, 1295, Main Board Financial Services Group) fell 18 sen to RM 17 32 sen; Maybank (MAYBANK, 1155, Main Board Financial Services Group) fell 11 sen to RM8 and 8 sen.
As for the Asia-Pacific stock market, market sentiment improved in the afternoon, and various stock markets reversed their early declines. China's Shanghai Composite Index rose 0.4% and Japan's Nikkei rose 0.74%.
The US stock market was mixed yesterday. The S&P 500 index fell 0.3%, the Nasdaq index fell 0.7%, and the Dow Jones industrial and commercial index rose only 11.93 points.
The ringgit is picking up today. The market expects that the new revitalization package will help Malaysia's economy to buffer against the crises. At 5 pm, the ringgit was reported at RM4.2660 against the US dollar, compared with RM4.2740 yesterday.
**Info & Image are taken online
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