Thursday, 03 Sep 2020 02:12 PM MYT
This was on the back of gains recorded at yesterday’s close, with the index advancing 16.1 points or 1.06 per cent to 1,537.5. On the scoreboard, market breadth was negative with losers outpacing gainers 651 to 385, while 402 counters were unchanged, 588 untraded and 25 others suspended.An analyst said the local bourse bucked the trend on the regional peers, with shares climbing, driven by sustained recovery in China’s services sector and US positive economic data that pushed the dollar higher.
“Investors will be capitalising on the positive global economic data,” he said, adding that technology counters will continue to lead the winners list on the back of the positive outlook, as well as the healthcare sector . Of the top losers, Nestle declined RM1.60 to RM140.20, Hartalega depreciated 86 sen to RM14.50 and Dutch Lady lost 46 sen to RM39.04.
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