2 days ago
Bursa Malaysia Edges Higher At Midday On Bargain Hunting, Strong Trade Data
Bursa Malaysia ended the morning session higher as bargain hunting emerged following upbeat domestic economic data, offsetting softer regional market sentiment.
At 12.30pm, the FBM KLCI gained 4.22 points, or 0.27%, to 1,553.33 from Aug 7's close of 1,549.11, after trading between 1,546.41 and 1,554.27. Turnover stood at 1.46 billion shares worth RM959.61 million.
Market breadth, however, was negative, with 503 decliners outnumbering 293 gainers, while 438 counters were unchanged.
Earlier today, the Department of Statistics Malaysia reported that wholesale and retail trade rose 4.8% year-on-year in June 2025 to RM153 billion, driven by robust performances in both sub-sectors.
Despite the good news, heavyweights saw mild gains, with CIMB up seven sen to RM6.85, Public Bank adding four sen to RM4.33, TNB rising two sen to RM13.78, and Maybank and IHH Healthcare inching up one sen each to RM9.64 and RM6.96 respectively.
By sector, the Financial Services Index jumped 88.25 points to 17,582.71, the Plantation Index climbed 57.58 points to 7,406.32, and the Energy Index edged up 0.93 of a point to 735.61, while the Industrial Products and Services Index dipped 0.4 of a point to 157.62.
