KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia traded higher in the morning session, mirroring the upbeat performance of regional peers and supported by positive sentiment following Wall Street’s strong overnight gains.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.84 points, or 0.67 per cent, to 1,636.23, compared with Thursday’s close of 1,625.39.
The index opened 2.83 points lower at 1,622.56 and moved between 1,622.03 and 1,636.50 throughout the morning session.
Market breadth was positive, with 558 gainers beating 360 decliners. Another 485 counters were unchanged, 1,365 remained untraded, and 16 were suspended.
Turnover stood at 1.69 billion units worth RM1.06 billion.
In a note today, Apex Securities Bhd said that the FBM KLCI is expected to trade with an upward bias, supported by improved global liquidity sentiment following the United States Federal Reserve’s rate cut and a resilient US equity backdrop.
The securities firm said it remains constructive on selected power-ancillary and renewable energy counters, underpinned by structural tailwinds from the ongoing energy transition.
“These secular themes are expected to remain resilient despite prevailing global trade headwinds and will continue to attract rotational interest given their steady earnings visibility,” it said.
Among heavyweight stocks, Maybank added eight sen to RM10.34, Public Bank rose four sen to RM4.46, CIMB Group gained four sen to RM7.92, Tenaga Nasional climbed 20 sen to RM12.94, while IHH Healthcare advanced 11 sen to RM8.51.
On the active list, Velesto Energy improved half-a-sen to 28 sen, Perak Transit added 3.5 sen to 32 sen, V.S. Industry gained two sen to 54 sen, Tanco Holdings rose three sen to RM1.18, and Borneo Oil was flat at half-a-sen.
Top gainers included Petronas Gas which jumped 34 sen to RM17.62, Hong Leong Bank added 20 sen to RM21.80, Bintulu Port climbed 14 sen to RM5.49, Sarawak Oil Palms rose 13 sen to RM3.88, and Alliance Bank advanced 12 sen to RM4.75.
Among top decliners, Nestle slid 60 sen to RM113.60, Dutch Lady fell 50 sen to RM29.60, Batu Kawan eased 14 sen to RM19.22, Fraser & Neave shed 12 sen to RM34.88, and Ajinomoto declined 10 sen to RM13.68.
On the index board, the FBM Emas Index rose 75.00 points to 12,058.66, the FBM Emas Shariah Index advanced 63.69 points to 11,886.45, the FBMT 100 Index gained 72.63 points to 11,849.50, the FBM 70 Index increased 76.38 points to 16,706.88, and the FBM ACE Index added 29.51 points to 4,741.57.
By sector, the Financial Services Index jumped 86.60 points to 19,239.08, the Industrial Products and Services Index edged up 0.97 of-a-point to 168.51, the Energy Index perked up 5.92 points to 768.72, and the Plantation Index improved 16.40 points to 8,150.58.
-- BERNAMA
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