KUALA LUMPUR, July 10 (Bernama) -- Bursa Malaysia recovered at mid-morning today from a slow start, lifted by some buying in blue chips, dealers said.
At 11.02 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 14.08 points or 0.83 per cent to 1,715.62.
A dealer said the trend met his earlier expectation.
“The market was also lower at yesterday’s opening but began to pick up at mid-day on domestic buying, entering the 1,700-level. We hope that it will not slide below that level as what happened earlier this week,” he added.
Bursa Malaysia was on a downtrend earlier this week and ahead of Bank Negara Malaysia’s decision’s to hold its overnight policy rate at 3.25 per cent yesterday.
The FBM Emas Index rose 87.32 points to 11,793.33, the FBMT100 Index gained 87.32 points to 11,490.14 and the FBM Emas Shariah Index improved 73.55 points to 12,273.98.
The FBM 70 appreciated 70.28 points to 12,655.04 and the FBM Ace was up by 24.58 points to 6,107.14.
On a sectoral basis, the Industrial Index inched up 15.60 points to 3,157.33, the Plantation Index added 55.39 points to 7,449.34 and the Finance Index was 146.96 points to 15,382.34.
Market breadth was positive with gainers beating decliners 413 to 178, while 254 counters were unchanged, 948 untraded and 12 others suspended.
Turnover stood at 764.60 million shares worth RM522.07 million.
Among actives, AirAsia rose two sen to RM1.33, KNM was flat at 61 sen, while Multi Sports and APFT were half-a-sen lower each at nine sen and 20 sen, respectively. — Bernama
