FBM KLCI recovery remains on pace


KUALA LUMPUR: The FBM KLCI remained afloat of the 1,600 psychological level as it entered the lunch break, in line with a recovery in the regional sentiment.

At 12.30pm, the key index was up 7.82 points to 1,603.87, off an intramorning high of 1,609.57.

All but two of the sectors on the broader market were up, with financial services leading gains in the lead-up to the peak results period this month.

Banking heavyweights led the charge , including Hong Leong Bank up 26 sne to RM19.40, Maybank rising two sen to RM10.18, CIMB adding five sen to RM7.35 and Public Bank adding one sen to RM4.25.

The rise in the market was underpinned by 612 gainers compared to 391 decliners.

Trading volume was 2.49 billion shares valued at RM1.43bil.

Of actives, Cape EMS was flat at 52 sen, Barakah rose 2.5 sen to 7.5 sen and Hubline was flat at 8.5 sen.

Markets around the region were mixed although Japan's stock exchange remained shuttered for a national holiday.

China's composite index was flat at 2,861 while Hong Kong's Hang Seng added a marginal 0.1% to 17,098.

Singapore's Straits Times fell 0.84% to 3,234.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Affin Bank targets 146 branches by end-2025
Country Garden overdue results show steep losses amid sector's sales slump
Sunway to leverage SEZ, healthcare for growth catalysts
Potential impact from US AI chip restrictions to be minimal for Malaysian contractors - CIMB
Global uncertainties push ringgit to open higher against US$
FBM KLCI finds its footing with positive start
Trading ideas: Yinson, Mah Sing, YTL Power, Kawan, Theta, Target I, AYS, Atlan, Sunway Property, CapitaLand, Oriental Kopi
Oil prices slip on US energy demand forecast
S&P 500 edges higher, Nasdaq dips in choppy session
Supply chain relocations to benefit South-East Asia

Others Also Read