KL shares remain in positive territory at midday

KUALA LUMPUR, March 20 — Shares on Bursa Malaysia remained in positive territory at midday today, lifted by gains in selected heavyweights such as Maybank, Petronas Chemicals and CIMB.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.3 points to 1,748.5, from last Friday’s close of 1,745.2.

The benchmark index moved between 1,744.07 and 1,755.26 throughout the morning session, after opening 1.13 points weaker at 1,744.07 this morning.

On the broader market, gainers led decliners 522 to 378, with 345 counters unchanged, 466 untraded and 16 others suspended.

Turnover stood at 3.63 billion shares worth RM1.52 billion.

A dealer said investor sentiment towards emerging markets remained positive with emerging market equity funds recording their sixth straight week of inflows worth US$215 million (RM953.3 million) last week.

Among key heavyweights, Maybank rose eight sen to RM8.98, while Petronas Chemicals and CIMB each added two sen to RM7.45 and RM5.67.

Of the actives, PUC Founder added 4.5 sen to 16 sen, Dataprep rose 15 sen to 57.5 sen, but MQ Technology was flat at 5.5 sen.

The FBM Emas Index rose 23.6 points to 12,364.94, the FBMT100 Index increased 22.87 points to 12,019.17 and the FBM Emas Shariah Index was 3.56 points stronger at 12,730.79.

The FBM 70 gained 28.08 points to 14,393.92 and the FBM Ace surged 93.56 points to 5,624.72.

On a sectoral basis, the Industrial Index inched down 4.48 points to 3,259.33, the Finance Index soared 91.66 points to 15,831.65 and the Plantation Index added 52.65 points to 8,214.26. — Bernama

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