Bursa Malaysia Remains 'Green' In Morning Session, Strong Market Sentiment


Bursa Malaysia ended the morning session higher after being driven by a positive market environment and strong corporate earnings.

At exactly 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.12 points (0.19%) to 1,606.03 compared to 1,602.91 at Monday's close.

The benchmark index opened 1.04 points lower at 1,601.62 and moved between 1,601.44 to 1,607.42 throughout the session.

In broad sentiment, gainers outnumbered losers by 550 to 479. Meanwhile, 473 counters were unchanged.

The total turnover is 2.77 billion units worth RM1.64 billion.

Malacca Securities expects buying support to remain healthy in the local market despite the instability in the United States.

Recent earnings releases from the technology sector have exceeded market expectations.

In fact, the narrative of increased demand from artificial intelligence (AI) activities as well as higher investment in data centers continues to strengthen the sector.

The firm also focuses on construction, real estate, building materials, utilities and consumer stocks behind the local catalyst.

Among the heavyweights, Maybank, Public Bank and CIMB were unchanged at RM9.87, RM4.18 and RM6.80 respectively, Tenaga Nasional added two sen to RM12.42 and IHH Healthcare decreased three sen to RM6.28.

As for active shares, MMAG shares rose 0.5 sen to 38 sen however MMAG warrants declined 0.5 sen to 15 sen while Farm Price jumped 17.5 sen to 41.5 sen, Iconic Worldwide fell one sen to 10.5 sen, AT Systematization rose four sen to 25 sen.

On the index board, the FBM Emas Index added 21.08 points to 12,139.38, the FBMT 100 Index rose 20.87 points to 11,744.84 and the FBM Emas Shariah Index increased 15.23 points to 12,324.19.

The FBM 70 Index jumped 22.21 points to 17,064.21 while the FBM ACE Index rose 32.17 points to 5,299.66.

By sector, the Financial Services Index fell 17.63 points to 17,538.01, the Industrial Products and Services Index rose 0.65 points to 193.10, the Plantation Index added 4.02 points to 7,428.19 and the Energy Index jumped 6.33 points to 984.48.