KUALA LUMPUR, April 12 — Overbought correction prompted Bursa Malaysia to turn higher at mid-morning, dealers said.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,736.96, up 1.12 points from yesterday’s close of 1,739.35.
The key index opened 0.01 of-a-point lower at 1,735.83.
Market breadth was, however, negative as losers outpaced gainers 371 to 322, with 350 counters unchanged and 696 untraded while 15 others were suspended.
Turnover stood at 1.49 billion shares worth RM473.06 million.
A dealer said initial selling pressure was detected yesterday before the market moved up by the end of the trading session.
“This indicated that the near-term market outlook was still positive,” he said.
The FBM Emas Index added 4.149 points to 12,396.22, the FBMT100 Index edged up 6.479 points to 12,024.55 and the FBM Ace jumped 30.32 points to 6,244.09.
The FBM 70 expanded 3.029 points to 14,720.68 and the FBM Emas Shariah Index garnered 6.869 points to 12,874.56.
On a sectoral basis, the Plantation Index eased 0.87 of-a-point to 8,064.69, the Industrial Index edged down 0.7 of-a-point to 3,254.52 and the Finance Index fell 24.3 points to 15,664.48.
Among heavyweights, Public Bank and TNB eased two sen each to RM19.96 and RM13.70, respectively, and Sime Darby gave up three sen to RM9.29.
Petronas Chemicals perked five sen to RM7.68 while Maybank was flat at RM8.98.
As for actives, AT Systematization and Key Alliance earned half-a-sen each to 5.5 sen and 8.5 sen, respectively, while Malayan United lost 2.5 sen to 25.5 sen.
Hubline and Ho Wah Genting were both flat at 8.5 sen and seven sen, respectively. — Bernama
