Bursa Malaysia ends morning session in positive territory
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in positive territory, supported by continued bargain hunting in most heavyweights particularly in the utilities and consumer products and services sectors.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 0.41 per cent, or 6.28 points, to 1,514.25 from Wednesday's close of 1,507.97.
The benchmark index opened 2.73 points higher at 1,510.70, and moved between 1,509.25 and 1,515.90 throughout the morning session.
Market breadth was favourable with gainers leading decliners 490 to 311, while 425 counters were unchanged, 1,130 untraded, and 20 suspended.
Turnover stood at 1.42 billion units valued at RM1.02 billion.
Maybank Investment Bank (Maybank IB) in a note said the construction sector is expected to remain in focus as it continues its current uptrend. Similarly, the real estate investment trust (REIT) sector remains resilient despite some profit-taking observed yesterday.
"Technically, we expect the benchmark index to range between 1,495 and 1,515 points today, with support levels remaining at 1,500 and 1,440,' said the investment bank.
Among the heavyweights, YTL Corporation perked up 13 sen to RM2.01, YTL Power International increased 21 sen to RM3.50, Petronas Chemicals garnered 11 sen to RM3.35, MR DIY rose 5.0 sen to RM1.60, and Sime Darby increased 3.0 sen to RM1.73.
Among the most active stocks, ACE Market debutant Signature Alliance Group surged 8.0 sen to 70 sen, NexG eased half-a-sen to 37.5 sen, MYEG put on 2.0 sen to 92 sen, Tanco was 1.0 sen better at 99.5 sen, and Gamuda added 4.0 sen to RM4.70.
On the index board, the FBM Emas Index climbed 52.10 points to 11,335.17, the FBMT 100 Index garnered 50.57 points to 11,103.52, and the FBM ACE Index increased 1.76 points to 4,481.41.
The FBM Emas Shariah Index surged 75.35 points to 11,317.01 and the FBM 70 Index advanced jumped 91.89 points to 16,260.88.
Sector-wise, the Financial Services Index fell 70.90 points to 17,689.95, the Industrial Products and Services Index was up 1.29 points to 151.39, the Plantation Index gained 18.00 points to 7,221.67, and the Energy Index shed 0.57 of-a-point to 701.89. - Bernama
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