{"id":7808,"date":"2021-01-13T12:04:02","date_gmt":"2021-01-13T04:04:02","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=7808"},"modified":"2021-01-13T12:04:04","modified_gmt":"2021-01-13T04:04:04","slug":"bursa-malaysia-further-recovers-amid-bargain-hunting","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=7808","title":{"rendered":"Bursa Malaysia further recovers amid bargain-hunting"},"content":{"rendered":"\n<p>KUALA LUMPUR, Jan 13&nbsp;&#8212; Bursa Malaysia further recovered this morning after&nbsp;yesterday&#8217;s pullback attracted&nbsp;bargain hunters.<\/p>\n\n\n\n<p>At 9.10 am,&nbsp;the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 9.91 points to 1,62249&nbsp;with gains almost across the board.<\/p>\n\n\n\n<p>The index opened 5.64&nbsp;points higher at 1,617.68&nbsp;from 1,612.04 yesterday.<\/p>\n\n\n\n<p>On the broader market, gainers trounced losers 377&nbsp;to 173,&nbsp;while 299&nbsp;counters were unchanged, 1,250&nbsp;untraded&nbsp;and 11&nbsp;others suspended.<\/p>\n\n\n\n<p>Total volume stood at&nbsp;538.49 million units worth RM295.59&nbsp;million.<\/p>\n\n\n\n<p>Malacca Securities reckons\u00a0that the local bourse should find stability soon as some bargain-hunting activities were noticed in the market.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-1024x554.jpg\" alt=\"Bursa Malaysia\" class=\"wp-image-7809\" width=\"473\" height=\"255\" srcset=\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-1024x554.jpg 1024w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-300x162.jpg 300w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-768x416.jpg 768w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-185x100.jpg 185w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-350x190.jpg 350w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-800x433.jpg 800w, https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719.jpg 1086w\" sizes=\"auto, (max-width: 473px) 100vw, 473px\" \/><\/figure><\/div>\n\n\n\n<p>&#8220;The lower liners may extend yesterday\u2019s&nbsp;gains as the rise in the indexes was supported by rising trading volume throughout the day,&#8221; it said in a note today.<\/p>\n\n\n\n<p>It also believes investors are likely to participate within the healthcare sector,&nbsp;which sees earning certainties amid rising COVID-19 cases.<\/p>\n\n\n\n<p>Besides, the transportation and&nbsp;logistics counters should be in&nbsp;the limelight due to further lockdown measures imposed starting today until&nbsp;Jan 26 to curb the spread of COVID-19,&nbsp;it added.<\/p>\n\n\n\n<p>The domestic market&#8217;s&nbsp;panic selling receded after Prime Minister Tan Sri Muhyiddin Yassin&nbsp;assured that business activities will remain as usual despite the declaration of a nationwide&nbsp;state of emergency&nbsp;yesterday.<\/p>\n\n\n\n<p>Meanwhile, a lead from Wall Street was flat after the US stock markets finished mildly higher.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The Dow climbed 0.2 per cent&nbsp;on a choppy trading session as investors shifted their attention to the prospects of economic recovery and&nbsp;with the&nbsp;vaccine rollout.<\/p>\n\n\n\n<p>In addition, supplies cuts had pushed crude oil prices higher with the Brent crude now hovering&nbsp;above the US$56 per barrel again.<\/p>\n\n\n\n<p>The banking counters led the way among heavyweights with&nbsp;Maybank and Public Bank rebounded&nbsp;from yesterday&#8217;s selling, adding six sen to RM8.06 and 62 sen to RM20.70, respectively.<\/p>\n\n\n\n<p>TNB went up 12&nbsp;sen to RM10.24&nbsp;and&nbsp;PetChem&nbsp;was flat at&nbsp;RM7.20.<\/p>\n\n\n\n<p>Top Glove rose two&nbsp;sen to RM6.70&nbsp;but Hartalega&nbsp;declined four sen to RM13.10.<\/p>\n\n\n\n<p>Of the actives, Sealink added 2.5 sen to 18.5 sen, XOX was unchanged at 11.5 sen and Sapura Energy edged&nbsp;up half-a-sen at 12.5 sen.<\/p>\n\n\n\n<p>On the index board,&nbsp;the FBM&nbsp;Emas&nbsp;Index gained 69.55&nbsp;points to&nbsp;11,621.61, the&nbsp;FBMT&nbsp;100 Index expanded 69.02&nbsp;points to&nbsp;11,369.26,&nbsp;and&nbsp;the FBM Emas Shariah Index was 37.48&nbsp;points higher at&nbsp;13,197.31.<\/p>\n\n\n\n<p>The&nbsp;FBM 70 rose 71.91&nbsp;points to&nbsp;14,581.50 and&nbsp;the FBM ACE improved 58.73&nbsp;points to 10,562.22.<\/p>\n\n\n\n<p>Sector-wise, the&nbsp;Financial Services Index rebounded 174.65&nbsp;points to&nbsp;14,721.16,&nbsp;the Industrial Products and Services Index up&nbsp;0.26&nbsp;of-a-point&nbsp;to 173.22&nbsp;and&nbsp;the&nbsp;Plantation Index rose 2.60 points to&nbsp;7,465044.<\/p>\n\n\n\n<p>&#8212; <a href=\"https:\/\/www.bernama.com\/en\/market\/news.php?id=1921373\">BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Jan 13&nbsp;&#8212; Bursa Malaysia further recovered this morning after&nbsp;yesterday&#8217;s pullback attracted&nbsp;bargain hunters. At&#8230;<\/p>\n","protected":false},"author":1,"featured_media":7809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,524],"tags":[],"class_list":["post-7808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719.jpg",1086,588,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-300x162.jpg",300,162,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-768x416.jpg",640,347,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719-1024x554.jpg",640,346,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719.jpg",1086,588,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719.jpg",1086,588,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719.jpg",1086,588,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719.jpg",1024,554,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/94cdcaa0e68612d85813037fb905971f5fbc72d202719.jpg",720,390,false]},"author_info":{"info":["Editor"]},"category_info":"<a href=\"https:\/\/newmalaysiatimes.com\/?cat=17\" rel=\"category\">Economy<\/a> <a href=\"https:\/\/newmalaysiatimes.com\/?cat=524\" rel=\"category\">Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7808"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7808\/revisions"}],"predecessor-version":[{"id":7810,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7808\/revisions\/7810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/7809"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}