Bursa Malaysia rebounds at midday

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KUALA LUMPUR (Jan 7): Bursa Malaysia has recouped its earlier losses to end Friday’s (Jan 7) morning trading session on a high note, buoyed by improved risk appetite for small capitalisation stocks and selected heavyweights.


At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.12 points to 1,536.48 from Thursday’s closing of 1,533.36.

The index, which opened 1.45 points better at 1,534.81, moved between 1,531.54 and 1,536.99 throughout the session.

On the broader market, gainers surpassed losers 408 to 364, while 379 counters were unchanged, 1,122 untraded and 21 others suspended.

Turnover stood at 2.21 billion units valued at RM904.04 million.

A dealer said Asian equities were mixed ahead of the release of the US non-farm payrolls data, which measures the country’s employment rate and its potential for economic recovery.


Back home, heavyweights Public Bank Bhd bagged three sen to RM4.15, Petronas Chemicals Group Bhd and IHH Healthcare Bhd gained two sen each to RM8.75 and RM6.78, respectively, CIMB Group Holdings Bhd added one sen to RM5.44, while Malayan Banking Bhd trimmed two sen to RM8.28.

Of the actives, MQ Technology Bhd picked up four sen to 10.5 sen, DGB Asia Bhd inched up half-a-sen to 3.5 sen, SMTrack Bhd rose one sen to 29 sen, while AT Systematization Bhd was flat at three sen.

On the index board, the FBM Emas Index was 18.89 points higher at 11,177.8, FBM Emas Shariah Index increased 20.01 points to 12,015.91, FBMT 100 Index improved 19.84 points to 10,866.27, FBM ACE advanced 52.02 points to 6,634 and FBM 70 went up 16.81 points to 14,319.51.

Sector-wise, the Financial Services Index rose 32 points to 15,653.2, the Industrial Products and Services Index added 0.13 of-a-point to 201.26, while the Plantation Index appreciated 40.65 points to 6,643.62.-BERNAMA