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Bursa Malaysia remains positive at mid-morning

An investor monitors share market prices at a brokerage firm in Kuala Lumpur. — Reuters pic
An investor monitors share market prices at a brokerage firm in Kuala Lumpur. — Reuters pic

KUALA LUMPUR, Dec 2 ― Bursa Malaysia remained positive at mid-morning, in range bound trading, with buying support seen in selective heavyweights, dealers said.

At 11.01am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.96 of a point higher at 1,627.40 from yesterday's close of 1,626.44, after opening 1.07 points better at 1,627.51.

On the broader market, gainers led losers 249 to 234, with 279 counters unchanged, 929 untraded and 20 others were suspended.

Turnover stood at 452.95 million shares worth RM340.75 million.      

A dealer said the local bourse remained supported by stronger oil prices, after main oil producing nations agreed to cut output.

However, the mode remained cautious, tracking regional peers, as investors awaited the US job data, for further market direction.

Of heavyweights, Maybank gained two sen to RM7.81, TNB and Petronas Chemicals gained four sen each to RM14.02 and RM6.90, respectively, Sime Darby was up eight sen at RM8.18 while Public Bank was flat at RM19.60.

Actives, Wintoni shed half-a-sen to 4.5 sen, Hibiscus Petroleum and KNM Group added half-a-sen each at 30 sen and 34 sen, respectively, Bumi Armada improved 1.5 sen to 56 sen while Dagang Nexchange was flat at 24 sen.

The FBM Emas Index improved 2.61 points to 11,393.64, the FBMT100 Index added 1.09 points to 11,125.48 and the FBM Emas Shariah Index rose 11.84 points to 11,929.35.

The FBM 70 fell 18.59 points to 13,088.54 and the FBM Ace slipped 17.04 points to 4,784.77, the Finance Index slid 1.61 points to 14,258.13, the Industrial Index decreased 1.14 points to 3,073 while the Plantation Index rose 28.73 points to 7,706.95. ― Bernama

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