KUALA LUMPUR (April 1): Bursa Malaysia ended the morning session higher, with the key index rising 0.35%, supported by Top Glove Corp Bhd and Tenaga Nasional Bhd (TNB).
At lunch break, the FBM KLCI had advanced 5.48 points to 1,578.99 from yesterday’s close at 1,573.51.
The index opened 6.46 points higher at 1,579.97, and moved between 1,576.33 and 1,586.26 throughout the morning session.
On the broader market, gainers led losers by 615 versus 389, while 399 counters were unchanged, 721 untraded and nine others suspended.
Total volume stood at 4.84 billion shares worth RM2.04 billion.
Top Glove jumped 10 sen to RM4.62 and TNB rose 12 sen to RM10.24. Both stocks accounted for 2.82 points for the key index’s gain.
Malacca Securities Sdn Bhd said the KLCI was steeply oversold yesterday and bargain hunting might emerge over the near term, tracking Wall Street’s overnight gains on technology stocks.
“We believe the broader market may recover, but we expect the rebound to be short-lived and traders may adopt selling into strength strategy. Meanwhile, crude palm oil (CPO) prices rose on solid export data for March 2021,” it said in a research note today.
Among the heavyweights, Public Bank Bhd added three sen to RM4.23 and Petronas Chemicals Group Bhd (PetChem) gained five sen to RM8.05, while TNB and Press Metal Aluminium Holdings Bhd jumped 12 sen each to RM10.24 and RM10.02 respectively.
However, Malayan Banking Bhd (Maybank), IHH Healthcare Bhd and CIMB Group Holdings Bhd all fell one sen to RM8.24, RM5.31 and RM4.33 respectively.
As for the active counters, Dagang NeXchange Bhd (DNeX) rose 2.5 sen to 93.5 sen, while JKG Land Bhd and Yong Tai Bhd were three sen higher at 13.5 sen and 29.5 sen respectively, MCT Bhd strengthened five sen to 34.5 sen, MK Land Holdings Bhd advanced 5.5 sen to 27.5 sen, Fintec Global Bhd was flat at six sen and Berjaya Corp Bhd (BCorp) shed 2.5 sen to 43 sen.
On the index board, the FBM 70 expanded 45.65 points to 15,519.22, the FBM Emas Index grew 42.60 points to 11,657.16, the FBMT 100 was 37.73 points higher at 11,319.5, the FBM Emas Shariah put on 56.40 points to 12,904.57 and the FBM ACE trimmed 8.97 points to 10,056.83.
Sector-wise, the Financial Services Index went up 5.39 points to 15,226.38, the Plantation Index increased 12.03 points to 7,023.54, and the Industrial Products and Services Index rose 1.14 points to 192.28.
