KUALA LUMPUR, Dec 1 — Bursa Malaysia continued to trend higher at mid-morning today, lifted by buying activities in heavyweight counters, dealers said.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.80 points to 1,626.92 from yesterday’s close of 1,619.12, after opening 1.98 points higher at 1,621.10.
On the broader market, gainers led losers 352 to 210, with 247 counters unchanged, 874 untraded and 20 others suspended.
Turnover stood at 585.27 million shares worth RM392.64 million.
A dealer said the renewed buying interest on the local bourse after foreign selling yesterday, was brought on by positive sentiment, following the surge in crude oil prices.
Global oil prices rose nearly nine per cent with Brent Crude rising from US$46 per barrel up to US$51 per barrel on news that the Organisation of the Petroleum Exporting Countries (Opec) had reached a deal to cut oil output yesterday.
Among the top gainers, PPB Group gained 24 sen to RM15.88, Cahya Mata Sarawak and Sime Darby improved 16 sen each to RM3.73 and RM8.12 respectively.
Of the heavyweights, Maybank gained 10 sen to RM7.87, Public Bank increased two sen to RM19.60 and Petronas Chemicals was up five sen to RM6.88.
TNB shed two sen to RM14.02 while IHH Healthcare fell 17 sen to RM6.43.
the actives, Hibiscus Petroleum improved 1.5 sen to 29 sen, KNM Group gained two sen to 33 sen, Sumatec Resources added half-a-sen to six sen, Sapurakencana Petroleum advanced eight sen to RM1.52 and Bumi Amada was up two sen to 53 sen.
The FBM Emas Index expanded 37.64 points to 11,393.44, the FBMT100 Index bagged 35.60 points to 11,127.62, the FBM Emas Shariah Index rose 29.75 points to 11,930.94 and the FBM Ace jumped 64.47 points to 14,260.54.
The FBM 70 fell 22.59 points to 13,110.70.
Sector-wise, the Finance Index surged 64.47 points to 14,260.54, the Industrial Index rose 16.20 points to 3,070.51 and the Plantation Index improved to 16.04 points to 7,692.81. — Bernama