By Zufazlin Baharuddin
KUALA LUMPUR, Sept 25 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded at the midday break, lifted by last-minute buying and gains across most regional peers.
At 12.30 pm, the benchmark inched up 0.33 of-a-point to 1,599.99 from yesterday’s close of 1,599.66.
The index opened at 1,599.57 and traded between 1,595.04 and 1,600.21 during the morning session.
Market breadth was negative, with 446 decliners against 443 gainers. Some 450 counters were unchanged, 1,324 remained untraded, and 18 were suspended.
Turnover stood at 1.97 billion units worth RM1.24 billion.
Rakuten Trade Sdn Bhd vice-president of equity research, Thong Pak Leng, said the FBM KLCI, which closed lower yesterday on profit-taking, was slowly regaining momentum.
“Despite closing in the red, the pickup in trading volume signals renewed interest in the market. This healthier level of activity reflects investors’ willingness to participate, which could provide a foundation for the index to stabilise and potentially recover as new catalysts emerge.
“We foresee the benchmark trending within the 1,595–1,610 range today,” he told Bernama.
Among heavyweights, Sime Darby rose seven sen to RM2.21, Gamuda added five sen to RM5.65, IOI Corp gained four sen to RM3.94, while CIMB Group slipped four sen to RM7.25 and Press Metal Aluminium Holdings fell three sen to RM5.81.
In active trade, NexG Bina and Oversea Enterprise each gained one sen to 10 sen and 3.5 sen, respectively. Tanco Holdings rose half-a-sen to 89 sen, Land & General remained flat at 15 sen, while Zetrix AI edged down half-a-sen to 85.5 sen.
Top gainers included Panasonic Manufacturing Malaysia, up 16 sen to RM8.60; Nestle, 30 sen to RM96.90; Southern Cable Group, 21 sen to RM2.50; Malayan Cement, 20 sen to RM6.70; and Farm Fresh, 15 sen to RM2.32.
Top losers were Dutch Lady Milk Industries, down 22 sen to RM27.08; Batu Kawan, 14 sen to RM18.74; KESM Industries, 15 sen to RM3.53; Fraser & Neave Holdings, 20 sen to RM27.20; and Bintulu Port Holdings, 12 sen to RM5.50.
On the broader market, the FBM Emas Index rose 5.0 points to 11,946.95, the FBM Emas Shariah Index climbed 31.32 points to 12,017.92, the FBM ACE Index added 43.50 points to 5,106.26, the FBM 100 Index gained 0.35 of-a-point to 11,676.61, while the FBM 70 Index slipped 8.38 points to 16,857.23.
By sector, the Industrial Products and Services Index edged up 0.14 of-a-point to 171.60, the Plantation Index rose 31.58 points to 7,745.81, and the Energy Index gained 6.57 points to 775.32, while the Financial Services Index fell 44.56 points to 18,038.03.
-- BERNAMA
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