Strong sentiment stretches Bursa’s winning streak to 6th day FMTNews FMTBusiness
KUALA LUMPUR: Bursa Malaysia extended its winning streak for the sixth consecutive trading day amid positive investor sentiment, said an analyst.
In the meantime, Thong said the FTSE Bursa Malaysia KLCI is overbought in the short term and he expects some pullback in the near future. Among the heavyweights, Public Bank gained 3 sen to RM4.11, CIMB rose by 2 sen to RM5.50 and Tenaga Nasional was flat at RM9.60, while Maybank eased 1 sen to RM8.99 and Petronas Chemicals slid 19 sen to RM6.81.
Sector-wise, the financial services index garnered 62 points to 16,164.88, the energy index widened by 2.27 points to 836.69, while the plantation index decreased by 6.62 points to 7,205.55 and the industrial products and services index shaved 1.13 points to 167.1.
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