The Stock Exchange Is Still 'Green' Driven By Rising Buying Interest

thecekodok

 At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 0.47 points at 1,543 from Monday's close of 1,542.53.


The index opened strong 5.31 points at 1,547.84.


The bourse started the session on the positive side as a result of moderate buying interest after yesterday's session which ended in the red, in line with weak sentiment in regional markets.


On the broader market, investors saw gainers at 194 outpacing losers at 183, while 270 counters were unchanged, 1,652 untraded and 11 suspended.


Total turnover at 380.12 million units worth RM144.54 million.


Note Malacca Securities Sdn Bhd expects investors to start the trading session with cautious sentiment ahead of the Malaysian inflation rate release on Wednesday.



In addition, they also predicted that bargain-hunting activities would emerge amid inflation concerns and the recovery-themed sector would continue to be the focus.


In addition, a rebound on Wall Street may open up buying interest in the technology sector.


Heavyweights saw Malayan Banking Bhd (Maybank) and Petronas Chemicals Group Bhd remain at RM8.98 and RM9.99, Public Bank Bhd added 1 sen to RM4.55 while IHH Healthcare Bhd declined 2 sen to RM6.53 and Tenaga Nasional Bhd (TNB) fell 1 sen to RM9.19.


Active stocks saw Green Packet Bhd, Cnergenz Bhd, MNC Wireless Bhd and Sapura Energy Bhd reach 0.5 sen each at 10 sen, 58.5 sen, 2 sen and 9 sen.


On the index board, FBM ACE reached 18.15 points at 5,294.23, FBM Emas Shariah index rose 3.73 points at 11,468.30, FBM Emas index drove 5.17 points at 11,047.75, FBMT 100 index collected 5.34 points at 10,710.30 and FBM 70 strengthened 15.15 points at 13,218.89.


In terms of sectors, the Products and Services Industry index rose 0.12 points at 199.70, the Financial Services index expanded 4.34 points at 16,559.29 and the Plantation index rose 22.34 points at 8,063.45.

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