Bursa Malaysia ends morning session firmer
MISC jumped 18 sen to RM7.78, Tenaga Nasional edged up 10 sen to RM14.30, and Petronas Chemicals bounced seven sen to RM3.32. These three counters contribute 16.07 points to the composite index.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.37 points higher at 1,520.16 from Friday's close of 1,516.79. The benchmark index opened at 1,518.06, 1.27 points higher, and subsequently fluctuated between 1,518.03 and 1,521.64 throughout the morning session.
The broader market was also positive, with gainers outnumbering decliners 436 to 369. A total of 424 counters remained unchanged, 1,131 were untraded, and 20 were suspended.
Turnover stood at 1.67 billion units, valued at RM888.2 million.
Kenanga Investment Bank Bhd said in a research note today that the FBM KLCI is expected to extend its rebound this week, barring any negative surprises from US inflation data or trade developments. "Stocks in focus include Maybank, Public Bank, Tenaga Nasional, Sunway, and YTL Power, which have shown encouraging technical setups after recent pullbacks," it said.
Among the heavyweight counters, Maybank was flat at RM9.70, Public Bank was unchanged at RM4.26, while CIMB and IHH added four sen each to RM6.88 and 6.90, respectively. CelcomDigi dropped five sen to RM3.80.
Among the most active stocks, MPire bagged three sen to 12 sen, MYEG dipped half-a-sen to 94 sen, Ta Win was flat at two sen, and Tanco erased two sen to RM1.01.
On the index board, the FBM Emas Index added 35.78 points to 11,391.12, the FBMT 100 Index gained 33.84 points to 11,157.53, and the FBM Emas Shariah Index climbed 40.02 points to 11,369.24. The FBM 70 Index advanced 85.83 points to 16,382.40. However, the FBM ACE Index erased 17.47 points to 4,501.85.
Sector-wise, the Financial Services Index topped up 36.78 points to 17,745.10, the Energy Index gained 3.27 points to 721.72, and the Industrial Products and Services Index perked up 0.94 of a point to 151.74.
The Plantation Index firmed 0.95 of a point to 7,253.80.
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