Bursa Malaysia Stays Firm Ahead Of BNM's OPR Decision
KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia remained firm at mid-morning, supported by continued buying across all banking heavyweight counters ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision, amid expectations of an interest rate hike.
At 11.03 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.88 points, or 1.23 per cent, to 1,636.44 from Wednesday’s close of 1,616.56.
The benchmark index opened 6.72 points higher at 1,623.28.
In the broader market, losers outnumbered gainers 546 to 430, while 405 counters were unchanged, 1,380 untraded and 10 suspended.
Turnover stood at 1.84 billion units worth RM1.09 billion.
Among the heavyweights, Maybank rose 22 sen to RM10.12, CIMB expanded 24 sen to RM7.15, IHH Healthcare was 10 sen firmer at RM7.79, Public Bank advanced 13 sen to RM4.90, while Tenaga Nasional was four sen lower at RM13.10.
In active trade, AirAsia rose 8.5 sen to 54 sen, Capital A gained three sen to 26 sen, Jaks Resources eased one sen to 12 sen, Aizo inched down half a sen to six sen, and GIIB dropped six sen to 35.5 sen.
Nestle led the top gainers, rising RM1.66 to RM95.16, while Hong Leong Bank gained RM1.08 to RM22.32, Fraser & Neave widened 60 sen to RM21.56, Hong Leong Financial gained 52 sen to RM17.98, and United Plantations firmed 46 sen to RM30.46.
Among the top losers, MPI fell RM1.60 to RM39.02, Vitrox lost 36 sen to RM10.54, Hengyuan Refining dropped 62 sen to RM3.00, while UWC and Petronas Chemicals slipped 34 sen each to RM6.86 and RM4.36, respectively.
On the index board, the FBM Emas Index surged 83.80 points to 12,161.78, while the FBM Top 100 Index soared 96.49 points to 11,981.57.
The FBM Mid 70 Index tumbled 65.64 points to 17,445.61, the FBM Emas Shariah Index advanced 41.66 points to 12,062.77, and the FBM ACE Index declined 25.46 points to 5,395.32.
Sector-wise, the Industrial Products and Services Index edged down 1.79 points to 176.42, while the Energy Index fell 24.64 points to 803.28. The Financial Services Index leapt 524.93 points to 19,111.25, while the Plantation Index rose 43.39 points to 8,805.27.
-- BERNAMA