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apple developer account for sale :Subdued start to 2021 for Bursa as gloves weigh


KUALA LUMPUR: Bursa Malaysia started the new year of 2021 on a subdued note, with selling pressure seen in glove makers Hartalega, Supermax and Top Glove which are part of the 30-stock FBM KLCI. At 9.10am, the KLCI was down 8.79 points or 0.54% to 1,618.42. Turnover was 532.37 million shares valued at RM250.98mil. There were 231 gainers, 371 losers and 306 counters unchanged. Bloomberg reported the dollar slipped and global stocks held near a record as trading got underway in Asia on Monday. Shares rose in Australia but slid in Japan. S&P 500 futures fluctuated after the benchmark closed at an all-time high on Dec. 31. Bitcoin held onto much of its weekend gains after topping US$34,000 for the first time on Sunday. Rakuten Trade Research expected Bursa to see a weaker opening as well from the lack of catalysts with the US futures remains flat. “Therefore, we see the KLCI to possibly test the 1,620 to 1,625 range today, ” it said. On the ringgit, it said the local unit continued to strengthen against the US dollar to 4.02 which is positive to importers namely auto stocks. Last week, local retail investors were net buyers at RM199.9mil, foreign funds trimmed their net buying to only RM8.9mil but local institutions were net sellers RM208.8mil. However, last Thursday, foreign funds hammered the local market as they were net sellers at RM76.1m but local institutions were net buyers at RM32mil and local retail investors RM44.1mil. At Bursa on Monday, Hartalega fell 32 sen to RM11.82, Supermax 29 sen to RM5.72, Top Glove 25 sen to RM5.87 and Kossan 20 sen to RM4.30. Yinson lost 17 sen to RM5.58, Public Bank 16 sen to RM20.44, Petron 13 sen to RM5.12 and MAHB 12 sen to RM5.80. However, Tenaga Nasional rose 14 sen to RM10.56 and helped offset some of the losses from the flove makers.Scientex was up 12 sen to RM12.66, KPower and CNAsia 11 sen each to RM7.34 and RM2.30. KESN, Unisem and Greatec edged up 10 sen each to RM13.68, RM6.28 and RM9.20 respectively.

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