Mixed with mixed ice, the exchange started to bounce

thecekodok

 At 9.10am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 2.86 points at 1,511.77 from Tuesday's close of 1,501.91.


The index opened 0.13 points at 1,508.78.


It opened mixed then began to swell, marking a rebound from losses recorded 7 days in a row amid continuing heightened concerns over the geopolitical crisis and the Federal Reserve (Fed) meeting ahead of Wednesday.


On the broader market, investors saw gainers outpacing losers by 150 to 97, while 201 counters were unchanged, 1,832 untraded and 30 suspended.


Total turnover at 100.62 million units worth RM50.18 million.



Rakuten Trade Sdn Bhd vice-president Thong Pak Leng said despite bargain-hunting activity, market sentiment remained volatile and still heavily dependent on regional volatility.


He added that although the 1,500 support level is quite resilient, if broken, the next support level is at the 1,480 level.


Heavyweights saw Malayan Banking Bhd (Maybank), Petronas Chemicals Group Bhd (Petchem) and IHH Healthcare add 1 sen at RM8.24, RM8.91 and RM6.34, Public Bank and CIMB Group Holdings Bhd up 2 sen at RM4. 20 and RM5.27 while Tenaga Nasional Bhd (TNB) and Press Metal Aluminum Holdings Bhd achieved 4 sen at RM9.10 and RM6.04.


Active stocks saw Pertama Digital Bhd add 0.5 sen at 64.5 sen, Dagang NeXchange Bhd (DNeX) up 2.5 sen at 88.5 sen and Senheng New Retail Bhd jumped 2 sen at 87.5 sen.


On the index board, FBM ACE bloomed 21.29 points at 5,992.29 and FBM 70 rose 25.54 points at 13,356.56 while FBM Emas added 20.21 points at 10,843.54, FBMT 100 was strong 20.02 points at 10,561.61 and FBM Emas Shariah reached 15.81 points at 11,516.60.


The Financial Services Index jumped 41.42 points at 15,702.32, the Products and Services Industry index reached 0.29 points at 198.91 and the Malay Plantation index 5.93 points at 6,625.38.

Tags