Thursday November 9, 2017
02:13 PM GMT+8

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At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,747.36, up 3.16 points, against yesterday's close of 1,744.20. — Bernama picAt lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,747.36, up 3.16 points, against yesterday's close of 1,744.20. — Bernama picKUALA LUMPUR, Nov 9 ― Bursa Malaysia rebounded from a lower opening to end the morning session  higher on renewed buying support in selected heavyweights led by Genting and PetGas.

At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,747.36, up 3.16 points, against yesterday's close of 1,744.20.

After opening 0.47 of-a-point easier at 1,743.73, the local index moved between 1,742.32 and 1,748.60 during the morning session.

Genting rose 22 sen to RM9.39 while PetGas gained 38 sen to RM17.44.

The two counters combined, contributed 1.720 points to the FBM KLCI's improvement.

However, the market breadth was negative with decliners leading advancers 381 to 346 while 396 counters were unchanged, 702 untraded and 21 others were suspended.

Turnover stood at 1.45 billion shares worth RM885.13 million.

Inter-Pacific Securities Sdn Bhd Research Head Pong Teng Siew said the better performance on Bursa Malaysia was also in line with most regional peers, taking the cue from the firmer overnight Wall Street.

Regionally, the Singapore Straits Times index rose 0.24 per cent to 3,421.25, Hong Kong's Hang Seng improved 0.91 per cent to 29,170.22 and Japan's Nikkei 225 added one per cent to 23,143.56.

Asian markets were mostly higher as investors digested earnings release from regional corporates and improved oil prices but the underlying sentiment was cautious following the escalating political tension between regional rivals Saudi Arabia and Iran.

Another dealer said given the fact that buying power was weaker than selling pressure, the FBM KLCI would likely trade below the 1,744.09 points level today.

Among heavyweights,  Maybank and Tenaga were flat at RM9.15 and RM14.90, respectively, PBBank increased two sen to RM20.48, Sime Darby gained one sen to RM9.07 and CIMB improved three sen to RM6.21.

Of actives, Key Alliance rose four sen to 21.5 sen, Trive and Malayan United Industries were one sen higher each at nine sen and 25.5 sen, respectively while JAG and Hubline deducted half-a-sen to 14 sen and 13 sen, respectively.

The FBM Emas Index was up 23.35 points at 12,603.39, the FBM Emas Shariah Index rose 16.13 points to 13,050.06 and the FBMT 100 Index improved 24.04 points to 12,243.00.

The FBM 70 jumped 37.68 points to 15,537.99 and the FBM Ace surged 15.34 points to 6,825.75.

Sector-wise, the Finance Index increased 24.30 points to 16,242.86, the Plantation Index was 37.06 points better at 8,037.97 and the Industrial Index rose 17.41 points to 3,199.78. ― Bernama

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