The Exchange Is Back ‘Green’ Despite Weak Wall Street Overnight Performance

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 At 9.10am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 4.84 points at 1,588.68 from Monday's close of 1,583.84.


The index opened 2.12 points at 1,585.96.


It opened in ‘green’ territory as oil prices remained in a positive outlook despite Wall Street’s overnight performance and weak regional markets.


On the broader market, investors saw gainers outpacing losers by 241 to 133, while 269 counters were unchanged, 1,569 untraded and 10 suspended.


Total turnover at 223.30 million units worth RM116.13 million.



Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local bourse was in the upside forecast for 5 consecutive days despite regional markets in a weak performance.


He said profit-taking activity may appear in the near future based on the current situation, besides also expecting the index to be in the range of 1,575 to 1,590.


Heavyweights saw Press Metal and Sime Darby Plantation rise 9 sen at RM6.79 and RM4.33, IHH Healthcare added 7 sen at RM6.57 and PPB Group drove 30 sen at RM16.90.


Active stocks saw Sapura Energy remain at 4.5 sen, Dagang NeXchange rose 2 sen at RM1.17, AHB added 1.5 sen at 23 sen and KNM jumped 0.5 sen at 18.5 sen.


On the index board, FBM ACE was down 7.77 points at 6,241.73, FBM 70 led 44.64 points at 13,704.70, FBM Emas added 36.58 points at 11,358.30, FBMT 100 rose 34.13 points at 11,040.18 and FBM Emas Shariah bloomed 56.1625.70 points at 12,078.93.


In terms of sector, the Financial Services index drove 8.80 points at 16,392.16, the Products and Services Industry index hit 1.34 points at 211.77 and the Plantation index reached 76.03 points at 7,361.39.

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