Bursa higher at lunch break

TheEdge Tue, Mar 21, 2023 12:52pm - 1 year View Original


KUALA LUMPUR (March 21): Bursa Malaysia ended the morning trading session slightly higher on Tuesday (March 21), taking its cue from the positive Wall Street performance overnight. 

 At lunch break, the benchmark FBM KLCI had advanced 6.19 points, or 0.44%, to 1,408.0, from Monday’s close at 1,401.81.

The market bellwether, which opened 5.35 points higher at 1,407.16, moved between 1,405.12 and 1,412.81 throughout the morning session. 

Market breadth was positive, with gainers leading losers 379 to 306, while 385 counters were unchanged, 1,184 untraded, and seven others suspended.

Turnover amounted to 1.69 billion units worth RM866.72 million. 

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng forecast the local composite index to trend in the 1,400-1,415 range on Tuesday, amid expectations of broad-based accumulation at prevailing levels.

Among Bursa heavyweights, Malayan Banking Bhd (Maybank) advanced six sen to RM8.40 a share, Public Bank Bhd gained three sen to RM3.98, CIMB Group Holdings Bhd increased four sen to RM5.19, and Tenaga Nasional Bhd added one sen to RM9.48, but Petronas Chemicals Group Bhd slipped eight sen to RM6.92.

As for the actives, Malaysia Building Society Bhd rose 1.5 sen to 66 sen, Velesto Energy Bhd edged up half a sen to 19.5 sen, Green Packet Bhd at 5.5 sen and Top Glove Corp Bhd at 90.5 sen were both flat, and Hong Seng Consolidated Bhd shed half a sen to 13.5 sen.

On the index board, the FBM Emas Index improved by 39.25 points to 10,288.36, the FBM 70 Index bagged 32.19 points to 13,244.08, the FBMT 100 Index climbed 39.13 points to 9,986.64, the FBM Emas Shariah Index was 33.86 points higher at 10,620.17, and the FBM ACE Index gained 18.26 points to 5,236.99.

Sector-wise, the Financial Services Index increased 70.97 points to 15,524.99, the Energy Index added 6.87 points to 792.08, the Industrial Products and Services Index ticked up 0.48 of a point to 168.02, and the Plantation Index narrowed 22.37 points to 6,758.1. 

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