KUALA LUMPUR, May 8 ― Bursa Malaysia continued its uptrend in early buying and selling right this moment, extending its two-year excessive on sustained shopping for curiosity and following Wall Street’s optimistic efficiency in a single day, a vendor stated.
At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.71 factors to 1,608.39 from yesterday’s shut of 1,605.68.
The benchmark index opened 1.28 factors larger at 1,606.96.
In the broader market, gainers outnumbered decliners 220 to 158, whereas 327 counters remained unchanged, with 1,624 untraded and 14 others suspended.
Turnover amounted to 192.48 million models price RM93.48 million.
Rakuten Trade Sdn Bhd fairness analysis vice-president Thong Pak Leng stated Wall Street barely maintained its ongoing uptrend as merchants are nonetheless ready for extra clues relating to the Federal Reserve’s potential rate of interest changes.
Back residence, he famous that the FBM KLCI lastly broke the 1,600 factors barrier, underpinned by steady accumulation in blue chips by international funds.
“Though we would favor the ascension to persist, an intermittent correction might happen, permitting the market to digest current strong efficiency, which is deemed wholesome,” he advised eNM.
Among the heavyweights, Maybank added three sen to RM9.87, Public Bank and CIMB eased one sen every to RM4.20 and RM6.80 respectively, Tenaga Nasional misplaced six sen to RM12.42 and IHH Healthcare was flat at RM6.31.
As for the actives, Ingenieur was down one sen at 7.5 sen, whereas TWL, Sapura Energy, and Jaks Resources have been all unchanged at 2.5 sen, 5 sen, and 13.5 sen, respectively.
Meanwhile, He Group rose 4.5 sen to 57.5 sen.
On the index board, the FBM Emas Index rose 21.31 factors to 12,119.78, the FBMT 100 Index superior 19.19 factors to 11,735.04 and the FBM Emas Shariah Index added 24.30 factors to 12,327.18.
The FBM 70 Index climbed 25.40 factors to 16,939.22 and the FBM ACE Index gained 6.31 factors to five,094.20.
Sector-wise, the Financial Services Index inched up 2.28 factors to 17,527.36, the Industrial Products and Services Index edged up 0.53 of some extent to 193.07, the Plantation Index fell 6.03 factors to 7,433.62, and the Energy Index picked up 3.86 factors to 979.87. ― eNM
