KUALA LUMPUR, Sept 22 — Bursa Malaysia closed the morning session higher as market sentiment was lifted after the Bank of Japan and US Federal Reserve decided to maintain their interest rates level.
At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,664.25, up 5.52 points against yesterday’s close of 1,658.73.
After opening 2.5 points better at 1,661.23 this morning, the local index, which remained in positive territory, hovered between 1,661.21 and 1,670.34 throughout the morning session.
Gainers led losers by 423 to 261, while 359 counters were unchanged, 647 untraded and 18 others suspended.
Turnover stood at 1.08 billion shares worth RM819.45 million.
On the technical front, Hong Leong Investment Bank Research said the local index’s immediate outlook had turned rosier and a strong close above 1,664 would spur the index higher towards the 1,670-1,678 levels.
In a note, the research firm said it expects the local index to range between 1,640 and 1,675 for the week.
Meanwhile, Bursa Malaysia’s total market capitalisation amounted to RM1.688 trillion as of yesterday.
Among heavyweights, TNB and Maybank were flat at RM14.40 and RM7.76, respectively, Public Bank rose 10 sen to RM19.60 and IHH added one sen to RM6.50.
Of the actives, Sanichi was unchanged at nine sen, Borneo Oil inched up half-a-sen to 18 sen and Dagang Nexchange eased one sen to 28 sen.
The FBM Emas Index added 48.66 points to 11,763.11, the FBMT100 Index gained 47.67 points to 11,464.77 and the FBM Emas Shariah Index was 70.60 points higher at 12,414.39.
The FBM 70 surged 92.23 points to 13,805.33 and the FBM Ace was up 8.16 points to 5,228.21.
On a sectoral basis, the Industrial Index was 22.18 points higher at 3,125.78, the Plantation Index added 33.92 points to 7,909.51 and the Finance Index went up 41.45 points to 14,263.4. — Bernama