Monday, 18 May 2020 06:15 PM MYT
Inter-Pacific Securities Sdn Bhd head of research Victor Wan said the rise in trading volume was mainly supported by buying interest in penny stocks, as sentiment was boosted by higher crude oil prices, coupled with the re-opening of businesses around the world. Market breadth remained positive, with gainers outnumbering losers 663 to 331, while 348 counters were unchanged, 533 untraded and 17 others suspended.
“Meanwhile, investor sentiment was also lifted by the fact that there has been no bad news such as a drastic increase in new COVID-19 cases.Of the heavyweights, O&G-linked counters Dialog bagged nine sen to RM3.53 and Petronas Dagangan added 38 sen to RM20.06, while glove manufacturer Top Glove increased 12 sen to RM10.50.
The Industrial Products and Services Index ticked up 0.71 of-a-point to 121.59 and the Plantation Index gained 136.52 points to 6,333.68.
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