Bursa ends morning session higher

KUALA LUMPUR (July 19): Bursa Malaysia remained in positive territory at midday today on improving buying appetite in the broader market.

At 12.30pm, the benchmark FBM KLCI had increased 0.28% or 4.23 points to 1,526.71 from last Friday’s close at 1,522.48.

The index opened 0.19 of a point higher at 1,522.67 and moved between 1,518.73 and 1,533.80 throughout the morning session.

Gainers outpaced losers 485 to 398, while 435 counters were unchanged, 924 untraded and 10 others suspended.

Turnover stood at 2.55 billion units worth RM1.75 billion.

Of the heavyweights, Malayan Banking Bhd (Maybank) gained two sen to RM8.07, Tenaga Nasional Bhd (TNB) jumped 10 sen to RM9.80, IHH Healthcare Bhd advanced eight sen to RM5.77 and CIMB Group Holdings Bhd added three sen to RM4.56, while Public Bank Bhd was flat at RM4.06 and Petronas Chemicals Group Bhd (PetChem) shed one sen to RM8.04.

Among the top actives, Main Market debutant CTOS Digital Bhd surged 52 sen to RM1.62, Dagang NeXchange Bhd (DNeX) went up one sen to 76 sen, OPCOM Holdings Bhd increased 9.5 sen to 58.5 sen and Privasia Technology Bhd was 1.5 sen higher at 25 sen.

Meanwhile, Saudee Group Bhd fell two sen to 22 sen, whereas both Kanger International Bhd and MMAG Holdings Bhd inched down half a sen each to 6.5 sen and 13.5 sen respectively.

On the index board, the FBM Emas Index increased 35.44 points to 11,152.01, the FBMT 100 Index improved by 33.37 points to 10,857.7 and the FBM ACE garnered 12.98 points to 7,253.55.

The FBM Emas Shariah Index was 48.47 points higher at 12,233.38, while the FBM 70 rose 57.57 points to 14,552.10.

Sector-wise, the Financial Services Index appreciated 27.02 points to 14,922.89, the Industrial Products and Services Index was up 0.42 of a point to 189.02, and the Plantation Index strengthened 52.65 points to 6,245.41.

Source: TheEdgeMarkets