KUALA LUMPUR, March 20 — Bursa Malaysia was higher at mid-afternoon today, lifted by finance counters such as Maybank, Public Bank and CIMB.
At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,749.72, up 4.52 points from last Friday’s close of 1,745.2.
The index opened 1.13 points weaker at 1,744.07.
On the broader market, gainers outpaced decliners by 544 to 392 with 341 counters unchanged, 434 untraded and 16 others were suspended.
Turnover was at 4.15 billion shares worth RM1.81 billion.
A dealer said finance counters rose as the market expected demand for credit to increase on the back of improving economic growth prospects, with the Malaysian banking system’s total loan growth up 5.6 per cent year-on-year in January this year.
Among heavyweights, Maybank rose seven sen to RM8.97, while Public Bank and CIMB added two sen each to RM20.20 and RM5.67, respectively.
Of the actives, PUC Founder increased 4.5 sen to 16 sen, Dataprep was 14.5 sen higher at 58 sen and MQ Technology inched up half-a-sen to six sen.
The FBM Emas Index gained 30.1 points to 12,371.44, FBMT 100 Index rose 30.61 points to 12,026.91 and the FBM 70 Index was 34.89 points better at 14,400.73.
The FBM Emas Shariah Index rose 16.13 points to 12,743.36 and the FBM Ace improved 84.59 points to 5,615.75.
On a sectoral basis, the Finance Index jumped 90.02 points to 15,830.02, Plantation Index gained 46.1 points to 8,207.71 and the Industrial Index was 0.45 of-a-point higher at 3,264.26. — Bernama