KUALA LUMPUR: Bursa Malaysia extended yesterday’s upward momentum amid continued buying interest.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.17 of-a-point to 1,576.87 after closing at 1,576.70 on Tuesday.
However, the index opened 1.47 points lower at 1,575.23.
In the broader market, gainers beat decliners 194 to 117, while 273 counters were unchanged, with 1,974 untraded and seven suspended.
Turnover was 972.51 million shares worth RM75.13 million.
Meanwhile, the regional market opens mixed today. At the time of writing, Indonesia’s IDX Composite Index rose 0.85 per cent to 7,801.58, South Korea‘s Kospi Index increased 0.20 per cent to 3,176.94, and Hong Kong’s Hang Seng Index gained 0.85 per cent to 25,713.89.
However, Singapore’s Straits Times Index weakened 0.30 per cent to 42,8785.62, Japan’s Nikkei 225 Index fell 0.42 per cent to 42,133.01, and China‘s SSE Composite Index lost 0.41 per cent to 3,842.41.
According to Malacca Securities Sdn Bhd, investors turned cautious after US President Donald Trump vowed to appeal a federal ruling that deemed most of his imposed tariffs illegal.
“Rising bond yields weighed on rate-sensitive sectors, while sticky inflation data and lingering doubts over the US Federal Reserve’s rate-cut path kept sentiment fragile.
“Attention will turn to US Job Openings and Labour Turnover Survey (JOLTS) for July data later today,” it said in a note today.
Among heavyweight stocks, Tenaga Nasional added two sen to RM13.26, while Maybank and Public Bank shed two sen each to RM10.04 and RM4.28, respectively. CIMB Group and IHH Healthcare decreased one sen each to RM7.23 and RM6.79.
In actively traded stocks, Magma Group climbed half-a-sen to 31.5 sen, Oppstar gained 7.5 sen to 55.5 sen, Zetrix AI up one sen to 86.5 sen, while Perak Transit and TA Win Holdings were unchanged at 69 sen and 1.5 sen, respectively.
On the index board, the FBM Emas Index climbed 10.92 points to 11,700.23, the FBMT 100 Index gained 9.81 points to 11,474.00, and the FBM Emas Shariah Index rose by 23.93 points to 11,653.22.
The FBM 70 Index soared 52.03 points to 16,416.55, and the FBM ACE Index advanced 14.80 points to 4,691.92.
Sector-wise, the Industrial Products and Services Index accumulated 0.79 of-a-point to 162.15, the Plantation Index was 9.14 points higher at 7,594.62, and the Energy Index increased by 5.45 points to 744.35, while the Financial Services Index declined 27.61 points to 18,119.20.
© New Straits Times Press (M) Bhd
