Bursa Malaysia Higher At Midday On Improved Global Risk Sentiment
KUALA LUMPUR, Oct 27 (Bernama) -- Bursa Malaysia ended the morning session higher today, supported by an improved global risk appetite amid easing oil prices.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.18 points, or 0.26 per cent, to 1,608.54 from Monday’s close of 1,604.36.
The benchmark index opened 2.98 points higher at 1,607.34 and traded between 1,606.14 and 1,611.90 during the morning session.
In the broader market, gainers outnumbered losers 585 to 358, while 471 counters were unchanged, 1,479 remained untraded and 52 were suspended.
Turnover stood at 1.76 billion units worth RM1.24 billion.
Apex Securities Bhd said global risk sentiment had improved broadly as Anthropic’s initial public offering filing reignited interest in artificial intelligence (AI) stocks and lifted global equities.
“Barring a renewed escalation in West Asia, we expect the FBM KLCI to find some support from the improved global risk tone, with easing oil prices offering relief even as Monday’s heavyweight-led losses in utilities and banking (stocks) keep the index cautious near-term,” it said in a note today.
Among heavyweight stocks, YTL Power International rose 15 sen to RM5.11, while YTL Corporation gained eight sen to RM2.04. Tenaga Nasional added four sen to RM13.32, while Maybank and CIMB each rose one sen to RM9.99 and RM7.11, respectively.
In active trade, Zetrix AI shed half a sen to seven sen, while Top Glove rose 3.5 sen to 96.5 sen. VS Industry, Axteria and Ni Hsin each gained two sen to 35.5 sen, 21.5 sen and 49.5 sen, respectively.
Malaysian Pacific Industries led the gainers, rising 62 sen to RM41.20, followed by ViTrox Corporation, which added 38 sen to RM11.10. UMS Integration gained 30 sen to RM7.50, while UWC Bhd rose 27 sen to RM7.53. Dufu Technology advanced 24 sen to RM3.22.
Among the top losers, United Plantations fell 40 sen to RM29.50, while Fraser & Neave declined 30 sen to RM19.70. PPB Group shed 24 sen to RM8.78.
On the index board, the FBM Emas Index rose 41.12 points to 12,018.12, while the FBM Top 100 Index gained 35.41 points to 11,810.35.
The FBM Mid 70 Index advanced 71.55 points to 17,335.09, while the FBM Emas Shariah Index rose 45.78 points to 12,020.57. The FBM ACE Index added 38.28 points to 5,431.94.
Sector-wise, the Industrial Products and Services Index edged up 1.13 points to 176.54, and the Energy Index increased 1.11 points to 849.84, and the Financial Services Index rose 1.71 points to 18,575.57, while the Plantation Index slid 19.79 points to 8,604.18.
-- BERNAMA