.JPG "An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. u00e2u20acu2022 Picture by Hari Anggara")
KUALA LUMPUR, Oct 8 ― The local stock market's main index, the FTSE Bursa Malaysia KLCI (FBM KLCI), continued to be on an uptrend at mid-afternoon in line with the underlying positive sentiment that drove bargain-hunting.
At 3pm, the benchmark index gained 11.55 points to 1,501.11 from previous close of 1,486.56.
However, on the broader market, losers pipped gainers 463 to 424 while 426 counters were unchanged, 834 untraded and 28 others suspended.
Total volume stood at 3.90 billion units worth RM1.88 billion.
An analyst said the majority of transactions that occurred so far today were driven mostly by institutional investors to support the FBM KLCI.
The heavyweight counters showed an encouraging performance as Maybank rose eight sen to RM7.18, Tenaga Nasional added four sen to RM10.28, Petronas Chemicals jumped 20 sen to RM5.90, and Public Bank was four sen higher at RM15.62.
As for the top gainers, consumer stocks continued to lead, with Nestle increasing 90 sen to RM139.40, Ajinamoto adding 30 sen to RM15.62, PPB rising 32 sen to RM18.82, and F&N inching up 50 sen to RM32.50.
On the index board, the FBM Emas Index surged 66.94 points to 10,855.25 and the FBM Emas Shariah Index was 71.64 points higher at 12,973.76.
The FBM 70 gained 37.45 points to 14,310.25, the FBMT 100 Index strengthened 68.26 points to 10,675.80 and the FBM ACE leaped 54.96 points to 10,556.96.
Sector-wise, the Financial Services Index was 87.67 points higher at 12,390.81, the Plantation Index added 86.11 points to 6,973.66 and the Industrial Products and Services Index was 1.90 points stronger at 139.79. ― Bernama
