KUALA LUMPUR, March 25 (Bernama) -- Bursa Malaysia ended the morning session higher, buoyed by renewed buying in heavyweight banking and telecommunications stocks amid improved market sentiment.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.39 points, or 0.69 per cent, to 1,514.21 from Monday’s close of 1,503.82.
The benchmark index opened 6.25 points higher at 1,510.07.
On the broader market, gainers outpaced decliners 425 to 361, with 419 counters unchanged, 1,231 untraded, and 16 suspended.
Turnover stood at 1.95 billion shares worth RM1.20 billion.
Malacca Securities Sdn Bhd said technology stocks are likely to remain in focus.
Additionally, the brokerage highlighted trading opportunities in stocks linked to domestic automotive brands, citing stronger vehicle sales in March and expectations of increased deliveries ahead of the Hari Raya festive season in April.
“Meanwhile, Venezuela’s oil supply is expected to be revoked soon, and US President Donald Trump may impose a 25 per cent tariff on oil trading partners dealing with Venezuela.
“Combined with existing US-Iran sanctions and ongoing OPEC+ production cuts, this is expected to support a firmer crude oil price environment,” it said in a note.
Among heavyweights, Maybank added 8.0 sen to RM10.24, CIMB Group rose 11.0 sen to RM7.03, and Tenaga Nasional gained 4.0 sen to RM13.60.
Public Bank eased 3.0 sen to RM4.45, while IHH Healthcare slipped 2.0 sen to RM6.93.
Among actives, ACE Market debutant Wawasan Dengkil fell 2.5 sen to 22.5 sen, and Saudigold Group edged down half-a-sen to 1.0 sen. Borneo Oil, EA Holdings, and Kinergy Advancement were unchanged at 1.0 sen, half-a-sen, and 33 sen, respectively.
On the index board, the FBM Emas Index climbed 84.30 points to 11,347.39, the FBMT 100 Index added 85.94 points to 11,108.53, the FBM Emas Shariah Index gained 86.47 points to 11,070.24, and the FBM 70 Index rose 164.50 points to 16,289.19.
The FBM ACE Index edged down 6.36 points to 4,736.15.
Sector-wise, the Financial Services Index advanced 102.16 points to 18,456.21, the Industrial Products and Services Index inched up 0.71 of-a-point to 152.76, and the Energy Index added 6.85 points to 753.95.
The Plantation Index slipped 8.99 points to 7,437.92.
Meanwhile, Bursa Malaysia has approved the suspension of trading for the TradePlus MSCI Asia Ex Japan REITs Tracker Fund and the TradePlus DWA Malaysia Momentum Tracker Fund.
The suspension will take effect from 9.00 am on March 26, 2025, to facilitate the termination process of both funds and will remain in place until they are officially delisted from the Main Market.
-- BERNAMA
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