Sources: Star Online Business
KUALA LUMPUR: Share prices on Bursa Malaysia closed higher at the midday break on continued buying interest in blue chips counters and lower liners.
At 12.30pm the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 10.52 points to 1,090.15.
Turnover was 619 million shares valued at RM648.2mil. There were 398 gainers, 137 losers and 156 stocks unchanged.
Analysts said investors’ continued bargain-hunting activities especially on index-linked counters helped pushed the benchmark index above the 1,090 level.
A stronger regional performance and overnight gains on Wall Street and Dow Jones have also boosted market sentiments. Banking counters Bumiputra-Commerce Holdings Bhd (BCHB) and Public Bank Bhd led the gainers. Shares in BCHB rose 20 sen to RM9.70 while Public Bank closed 15 sen higher at RM9.85.
PPB Oil Palms Bhd was 20 sen higher at RM12, Sime Darby Bhd rose 10 sen to RM7.30 while IOI Corp Bhd was 4 sen higher at RM4.66.
Among the bigger losers were Ewein Bhd, LPI Capital Bhd and the warrant of Tanjong Offshore Bhd, while the most actively traded counter was KNM Group Bhd.
Elsewhere in the region, the Singapore Straits Times Index added 37.40 points to 2,347.95 while Hong Kong’s Hang Seng Index gained 285.25 to 18,170.98 points.
The Jakarta Composite Index advanced 32.06 points to 2,088.64 and Shanghai’s Composite Index 0.94% up at 3,174.70 points.
However, Japan’s Nikkei 225 fell 5.81 points to 9256 points.
On the commodity markets, crude oil advanced 71 cents to US$60.23 while crude palm oil futures rose RM60 to RM2,096.
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