KUALA LUMPUR: – Bursa Malaysia completed the morning session a touch higher on an absence of crisp leads, said a merchant. – Klse Stocks Pick
At 12.30pm (Klse Stocks Pick),
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 0.81 of-a-point higher at 1,789.70 from last Friday’s 1,788.89.
The key file which opened 0.81 of-a-point higher at 1,789.7 moved in the vicinity of 1,786.95 and 1,793.01 all through the session.
General market expansiveness was negative as decliners outpaced gainers 473 to 324, while 342 counters were unaltered, 640 untraded and 29 others suspended.
Turnover remained at 1.11 billion offers worth RM1.06 million.
A merchant said purchasing enthusiasm for heavyweights kept the key list higher.
In the interim, Hong Leong Investment Bank (HLIB) said any upside to the FBM KLCI will be topped at around 1,790-1,800.
“We additionally expect the overheated semiconductor rally a week ago to perhaps grab a seat throughout the following couple of days taking after the selloff in tech stocks on Wall Street,” it said in a note today.
For the heavyweights, Maybank enhanced one sen to RM9.58, TNB rose eight sen to RM14.48, Public Bank expanded two sen to RM20.40, Sime Darby increased one sen to RM9.60, CIMB acknowledged nine sen to RM6.72 and Petronas Chemicals fell two sen to RM7.18.
Effectively exchanged stocks included Priceworth International rising 3.5 sen to 27.5 sen, Asia Bioenergy crawling up a large portion of a-sen to 18.5 sen, FGV enhancing five sen to RM1.71 and Frontken declining one sen to 31 sen.
The FBM Emas Index was 6.92 focuses bring down at 12,757.77, the FBMT100 Index fell 5.56 focuses to 12,397.58, while the FBM Emas Shariah Index trimmed 15.46 focuses to 12,999.68.
The FBM 70 deteriorated 48.63 focuses to 15,207.19 and the FBM Ace was down 8.10 focuses to 6,374.13.
On a sectoral premise, the Finance Index stowed 46.52 focuses for 16,836.54, the Industrial Index shed 8.54 focuses to 3,295.22 and the Plantation Index extended 7.63 focuses to 7,944.07.
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