02-05-2025
Bursa Malaysia Ends Morning Session Mixed; FBM KLCI Dips While Broader Market Advances
Bursa Malaysia ended the morning session on Thursday mixed, with the benchmark index slipping slightly while broader market indicators showed gains on the back of strong buying interest in small and mid-cap stocks.
At 12.30 pm, the FBM KLCI eased 2.43 points or 0.16% to 1,537.79, retreating from an intraday high of 1,539.62 and a low of 1,532.23. The decline was led by profit-taking in selected blue-chip counters after recent rallies.
In contrast, the FBM 70 surged 227.48 points or 1.43% to 16,172.85, signalling continued investor interest in mid-sized stocks. Similarly, the FBM ACE and FBM EMAS indices also posted gains, with the latter rising 37.07 points or 0.32% to 11,444.85.
Gains were also seen in the FBM Shariah Index, which climbed 70.54 points or 0.63% to 11,344.83, while the FTSE4Good Bursa Malaysia Index inched up 1.94 points or 0.21% to 922.30, reflecting selective buying in ESG-compliant counters.
Market activity was dominated by lower liners and small-cap stocks. Reach Energy was the most actively traded, gaining 2.5 sen to 54.5 sen with over 1.05 billion shares changing hands. NATGATE Holdings followed closely, adding 11 sen to RM1.47 on volume of 394.2 million shares. Tanco Holdings also saw strong demand, rising 1.5 sen to 87.5 sen.
Other active counters included Avangard which remained flat at 27.5 sen, and JAKS Resources, which was last traded at 10.5 sen.
Sentiment was buoyed by rotational plays in mid- and small-cap stocks, although gains were capped at the top end by cautious trading ahead of key economic data due later this week. Related
