business

FBM KLCI higher on buying support in finance counters

March 04, 2016

Market breadth was slightly negative with 383 gainers against 301 losers, while 336 counters were unchanged, 713 untraded and 18 others suspended. – March 4, 2016.Persistent buying support in selected finance counters lifted the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to end the morning session on a bullish note.

At 12.30pm, the barometer index stood at 1,694.89, up 6.69 points, from today's close of 1,688.20.

It hovered between 1,685.73 and 1,700.49 throughout the morning session after opening 1.72 points weaker at 1,686.48.   

AEON Credit and Public Bank were among the top gainers at mid-day, rising 50 sen and 14 sen each to RM11.92 and RM18.80 respectively.

Market breadth was slightly negative with 383 gainers against 301 losers, while 336 counters were unchanged, 713 untraded and 18 others suspended.

Turnover stood at 991.97 million shares worth RM1.04 billion.

Among heavyweights, Maybank was one sen higher at RM8.75, TNB added eight sen to RM13.36, Petronas Chemicals went up eight sen to RM7 while Axiata was flat at RM6.

Among actives, AirAsia X and Vivocom Intl added one sen each to 29.5 sen and 27 sen respectively, AirAsia improved two sen to RM1.70 while Minetech was flat at seven sen.

On the scoreboard, the FBM Emas Index was 24.63 points better at 11,732.78, the FBMT100 Index improved 25.60 points to 11,440.41, the FBM Emas Shariah Index declined 4.20 points to 12,447.56, the FBM 70 slipped 41.94 points to 12,933.82 while the FBM Ace benefited 11.79 points to 5,700.63.

Sector-wise, the Industrial Index increased 1.87 points to 3,297.38, the Finance Index surged 131.91 points to 14,357.56 and the Plantation Index shed 13.47 points to 7,851.12. – Bernama, March 4, 2016.