KUALA LUMPUR, Dec 1 — Bursa Malaysia ended the morning session higher today on buying support in heavyweight stocks and in line with its Asian peers, amid positive sentiment brought on by the surge in global oil prices, dealers said.
At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 8.08 points higher at 1,627 from yesterday's close of 1,619.12.
The index opened 1.98 points higher at 1,621.10 and moved between 1,619.99 and 1,628.58 during the morning session.
Gainers led losers 390 to 253 with 282 counters unchanged, 758 untraded and 20 others suspended.
Turnover stood at 808.50 million shares worth RM690.84 million.
A dealer said the positive market sentiment is the result of the
Organisation of the Petroleum Exporting Countries (Opec) having reached a deal to cut oil output yesterday.
“Bursa Malaysia saw renewed buying interest after foreign selling yesterday as together with regional peers, it cheered the Opec deal and prospects of higher oil prices,” he added.
Japan’s Nikkei 225 rose 2.06 per cent to 18,685.82, Hong Kong’s Hang Seng added 0.69 per cent to 22,946.07, South Korea’s Kospi was up 0.07 per cent to 1,984.93 and Singapore’s Straits Times gained 0.61 per cent to 2,922.97.
Of the heavyweights, Maybank bagged eight sen to RM7.85, Public Bank gained two sen to RM19.60 and Petronas Chemicals improved six sen to RM6.89.
TNB shed two sen at RM14.02 and IHH Healthcare fell 16 sen to RM6.44.
Among actives, Hibiscus Petroleum and KNM Group improved 1.5 sen each to
29 sen and 32.5 sen respectively, Sapurakencana advanced eight sen to RM1.52 while Sumatec Resources was flat at 5.5 sen.
The FBM Emas Index expanded 36.15 points to 11,391.95, the FBMT100 Index gained 34.63 points to 11,126.65, the FBM Emas Shariah Index rose 31.60 points to 11,932.79 and the FBM Ace improved 32.46 points to 4,745.71.
The FBM 70 fell 34.19 points to 13,099.10.
Sector-wise, the Finance Index surged 46.46 points to 14,242.53, the
Industrial Index rose 12.44 points to 3,070.51 and the Plantation Index improved 23.81 points to 7,700.58. — Bernama