Investor push up local market following previous week's sell-off


KUALA LUMPUR: Bursa Malaysia ended the early session higher as equities bounced back following the decline in the previous week, although investors remained cautious ahead of the US presidential election and Federal Reserve's decision on the interest rate.

At 12.30pm, the benchmark FBM KLCI was up 7.67 points to 1,611.65 while gainers on the broader market outpaced decliners 464 to 441.

There were 1.45 billion shares traded for a value of RM1.06bil.

Plantation shares climbed as crude palm oil prices rallied, with Kuala Lumpur Kepong gaining 60 sen to RM22.40.

United Plantations rose 24 sen to RM27.10 and IOI Corp jumped six sen to RM3.90.

Utility counters were also improved with Tenaga Nasional adding 14 sen to RM14.04 and YTL Power gaining two sen to RM3.22.

MISC jumped 11 sen to RM7.66 and PBB rose 16 sen to RM14.16.

Among actives, Cape EMS climbed three sen to 34 sen, Bahvest leapt 6.5 sen to 90.5 sen and Hong Seng was flat at one sen.

In key Asian markets, investor sentiment remained slightly positive with China's composite index gaining 0.53% to 3,289 and Hong Kong's Hang Seng adding 0.11% to 20,538.

Singapore's Straits Times was up 0.56% to 3,575 while Japan's stock exchange was closed for a national holiday.

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