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high quality apple developer account:KLCI takes pause after five-day rally

appleaccounts2020-08-1142

KUALA LUMPUR: Bursa Malaysia gave up its gains from earlier in the day as profit-taking took over following the recent price surge.At 12.30pm, the FBM KLCI was down 10.53 points to 1,566.37. Trading activity however remained elevated with five billion shares exchanging hands for a value of RM2.77bil.There has been a steady advance in Asian equities over recent days as investors speculated that Beijing was spurring the market to support its economy.China's blue chips have been leading the region higher, and was seen extending its rally by another 1.3% by midday.Hong Kong's Hang Seng added 0.1% following yesterday's 4% jump.Elsewhere, markets were taking a breather. Japan's Nikkei slipped 0.7% following a 7% advance over the last five sessions.Back home, ahead of Bank Negara's monetary policy meeting, bank stocks proved largely resilient. Maybank was up three sen to RM7.87, Public Bank jumped 38 sen to RM17.68, Hong Leong Bank was up eight sen to RM14.62 and RHB rose two sen to RM4.98. CIMB however lost one sen to RM3.69.Decliners on the FBM KLCI included BAT down six sen to RM10.64, Maxis dropping six sen to RM5.25 and PPB falling four sen to RM17.88.Most active stocks on the market were DGB up 0.5 sen to 3.5 sen, Anzo gaining 0.5 sen to 23.5 sen and Surecometric rising 0.5 sen to 13 sen.Meanwhile, oil prices were seen descending amid the surge in coronavirus cases in the US.US crude dropped 17 cents to US$40.46 a barrel and Brent crude shed 19 cents to US$42.91 a barrel.
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