Bursa Malaysia slightly higher at midday

Estimate Reading Time: 2 minutes

KUALA LUMPUR (Jan 10): Bursa Malaysia has recouped its earlier losses to end Monday’s (Jan 10) morning trading session slightly higher, buoyed by improved risk appetite in selected heavyweights, amidst the cautious sentiment on the regional market.


At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.55 points to 1,545.66 from Friday’s closing of 1,543.11.

The index, which opened 0.27 of-a-point better at 1,543.38, moved between 1,540.31 and 1,546.72 throughout the session.

On the broader market, however, losers surpassed gainers 479 to 382, while 381 counters were unchanged, 1,031 untraded and 21 others suspended.

Turnover stood at 3.83 billion units valued at RM1.09 billion.

Rakuten Trade said the FBM KLCI is expected to face some selling pressure following its strong closing last Friday.

“Considering the heightened market volatility, we reckon regional markets to perform similarly which could impact the local bourse’s performance. Therefore, we anticipate the index to possibly trend within the 1,535-1,545 range [on Monday] with some downside bias.


“As for crude oil prices, Brent crude price remained elevated, hovering close to the US$82 per barrel,” it said in a research note on Monday.

Among the heavyweights, both Malayan Banking Bhd and Public Bank Bhd bagged one sen to RM8.33 and RM4.17, respectively, Petronas Chemicals Group Bhd gained five sen to RM8.84 and CIMB Group Holdings Bhd improved nine sen to RM5.55, while IHH Healthcare Bhd declined seven sen to RM6.67.

Of the actives, Fintec Global Bhd earned half-a-sen to 1.5 sen, MQ Technology Bhd added 2.5 sen to 13 sen, while Key Alliance Group Bhd, Borneo Oil Bhd and XOX Bhd were flat at 1.5 sen, three sen and 2.5 sen, respectively.

On the index board, the FBM Emas Index was 0.16 of-a-point lower at 11,217.26, FBM Emas Shariah Index decreased 23.95 points to 12,035.53, FBMT 100 Index improved 0.83 of-a-point to 10,904.47, FBM ACE advanced 22.31 points to 6,714.34 and FBM 70 went down 73.26 points to 14,254.15.

Sector-wise, the Financial Services Index rose 88.34 points to 15,795.76, the Industrial Products and Services Index added 0.8 of-a-point to 203.07, while the Plantation Index dipped 8.17 points to 6,710.66.- BERNAMA