Bursa mixed at midday, KLCI up 7.81 points

Bursa mixed at midday, KLCI up 7.81 points
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KUALA LUMPUR (June 30): Bursa Malaysia turned mixed at midday as bargain hunting interspersed with profit-taking on selective blue chips and lower liners throughout the morning trading session, analysts said.

At 12.30pm on Thursday (June 30), the FBM KLCI was 7.81 points higher at 1,459.29 from Wednesday's close at 1,451.48. 

The benchmark index opened 4.02 points better at 1,455.50, and moved between 1,449.02 and 1,460.30 throughout the morning session.

On the broader market, decliners outpaced gainers 375 to 303, while 354 counters were unchanged, 1,250 untraded and 65 others suspended.

Turnover stood at 1.1 billion units worth RM751.63 million.

In a research note, Maybank Investment Bank said the last trading day of the first half of 2022 was set to be volatile as domestic sentiments remained mixed, with buying interest likely to remain selective at least in the near term. 

“Technically, we expect the KLCI to range between 1,435 and 1,465 today (Thursday), with supports at 1,400 and 1,350,” it said.

Among the heavyweights, Press Metal Aluminium Holdings Bhd rose 17 sen to RM4.82, CIMB Group Holdings Bhd gained seven sen to RM5.02, Digi.Com Bhd perked nine sen to RM3.51 and Public Bank Bhd added three sen to RM4.45, while Top Glove Corp Bhd fell six sen to RM1.06 and Hartalega Holdings Bhd shed 13 sen to RM2.82.

Malayan Banking Bhd (Maybank) was flat at RM8.65, Petronas Chemicals Group Bhd increased six sen to RM9.13 and IHH Healthcare Bhd was down by one sen to RM6.49.

Top Glove led the most active stock list on Bursa during the morning session, followed by Cypark Resources Bhd which dropped 3.5 sen to 35 sen, Reach Energy Bhd which eased half a sen to five sen, Widad Group Bhd which was half a sen better at 37 sen and Sedania Innovator Bhd which increased three sen to 51 sen. 

On the index board, the FBM ACE contracted 63.54 points to 4,776.55, while the FBM Emas Index rose by 45.52 points to 10,395.19, the FBM Emas Shariah Index improved 42.71 points to 10,581.96, the FBM 70 was 37.77 points higher at 12,540.84 and the FBMT 100 Index perked 48.69 points to 10,136.58.

Sector-wise, the Financial Services Index climbed 67.80 points to 16,130.67, the Plantation Index was up 17.31 points to 6,987.95, and the Industrial Products and Services Index was 1.83 points stronger at 183.64.