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MARKET

Bursa Malaysia higher at midday

04/08/2022 01:03 PM

KUALA LUMPUR, Aug 4 (Bernama) -- Bursa Malaysia ended the morning trading session higher, supported by continued buying interest, led by the plantation and healthcare counters.

At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) went up 8.14 points to 1,498.71 from Wednesday’s close of 1,490.57.

The benchmark index opened 1.09 points firmer at 1,491.66 and moved between 1,491.66 and 1,505.42 throughout the session.

On the broader market, gainers outpaced losers 476 to 252, while 383 counters were unchanged, 1,124 untraded and 9 others suspended.

Turnover stood at 1.53 million units worth RM833.95 million.

Rakuten Trade Sdn Bhd vice-president of Equity Research, Thong Pak Leng reckons that the index is in good stead and would trend higher today at the 1,500-mark and beyond.

“Meanwhile, a rebound in vegetable oils prices helped push crude palm oil higher to RM3,864 per tonne while the Brent crude slumped to below US$97 per barrel on higher inventory,” he said.

Among the heavyweights, Maybank and IHH Healthcare gained 4.0 sen each to RM8.87 and RM6.46, respectively, CIMB added 2.0 sen to RM5.25, while Public Bank fell 1.0 sen to RM4.60 and Petronas Chemicals slid 5.0 sen to RM8.85.

Of the actives, CSH Alliance was half-a-sen weaker at 5.5 sen, Metronic lost 1.0 sen to 9.0 sen, Hextar shed 1.5 sen to 31.5 sen, PUC was flat at 2.5 sen and SFP Tech gained 3.0 sen 90 sen.

On the index board, the FBM Emas Index advanced 59.40 points to 10,631.62, the FBM Emas Shariah Index went up 83.06 points to 10,796.11, the FBMT 100 Index widened 57.86 points to 10,381.61, the FBM 70 increased 76.62 points to 12,727.33 and the FBM ACE inched up 60.70 points to 4,851.15.

Sector-wise, the Plantation Index strengthened by 35.70 points to 7,063.71 and the Financial Services Index ticked up 40.28 points to 16,610.43, while the Industrial Products and Services Index was down 0.26 of-a-point to 184.94 and the Energy Index dropped 3.80 points to 656.94.

-- BERNAMA 

 

 


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