KUALA LUMPUR (April 8): Bursa Malaysia ended the morning session in positive territory on persistent buying support for heavyweight stocks, led by the healthcare counters.
At the lunch break, the FBM KLCI was 1.69 points better at 1,602.28 from yesterday’s close at 1,600.59.
The index opened 0.78 of a point easier at 1,599.81, and moved between 1,599.51 and 1,609.39 throughout the morning session.
However, on the broader market, losers led gainers 519 versus 486, while 419 counters were unchanged, 732 untraded and 25 others suspended.
Total volume stood at 4.54 billion shares worth RM2.61 billion.
A dealer said the local bourse opened easier but rebounded thereafter; remaining on an uptrend until the end of the morning session, as buying support for glove counters continued to support the barometer index.
“The KLCI would be able to sustain above the 1,600 [level] today, but sentiments remain tepid on the absence of any clear buying catalysts,” he added.
Meanwhile, he said regional peers were mixed today, taking their cues from overnight Wall Street's cautious gains after the US Federal Reserve (Fed) reiterated its commitment to keeping interest rates low until the US economy makes a more secure recovery.
Singapore’s Straits Times Index edged up 0.05% to 3,197.49, Japan’s Nikkei was 0.25% easier at 29,747.46, Hong Kong’s Hang Seng Index was up by 0.83% at 28,913.50 and South Korea’s KOSPI fell 0.04% to 3,136.49.
Back home, heavyweights Malayan Banking Bhd (Maybank) fell 18 sen to RM8.30, Public Bank Bhd shed two sen to RM4.20, Petronas Chemicals Group Bhd (PetChem) slipped 10 sen to RM7.85, Tenaga Nasional Bhd (TNB) reduced four sen to RM10.22 and IHH Healthcare Bhd was down eight sen at RM5.32.
Top index contributors Top Glove Corp Bhd rose 42 sen to RM5.33, Hartalega Holdings Bhd surged 74 sen to RM9.90, Supermax Corp Bhd soared 63 sen to RM4.66 and Maxis Bhd gained nine sen to RM4.69.
Among the active counters, LKL International Bhd increased 15.5 sen to 44 sen, Luster Industries Bhd improved two sen to 25.5 sen, AT Systematization Bhd and KTG Bhd edged up half a sen each to 10 sen and 27.5 sen respectively, and Berjaya Corp Bhd (BCorp) added one sen to 46 sen.
On the index board, the FBM Emas Index was up 14.54 points at 11,860.53, the FBMT 100 increased 9.90 points to 11,506.66, the FBM Emas Shariah surged 91.42 points to 13,214.40, the FBM ACE soared 283.53 points to 9,921.07 and the FBM 70 gained 5.19 points to 15,853.69.
Sector-wise, the Plantation Index went down 90.43 points to 6,987.48, the Industrial Products and Services Index eased 0.83 of a point to 194.05, and the Financial Services Index dropped 160.20 points to 15,219.01.