Bursa remains higher at mid-morning

On the broader market, gainers outpaced losers 423 to 218, while 314 counters remained unchanged with 937 untraded and 20 others suspended. — Reuters pic
On the broader market, gainers outpaced losers 423 to 218, while 314 counters remained unchanged with 937 untraded and 20 others suspended. — Reuters pic

KUALA LUMPUR, Feb 15 — Bursa Malaysia remained higher at mid-morning on continued buying momentum triggered by bullish sentiment, driven by the healthy Malaysia’s 2017 gross domestic product (GDP) growth figure for 2017, dealers said.

At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,840.00, up 5.07 points from yesterday’s close of 1,834.93.

The index opened 5.80 points better at 1,840.73.

Malaysia’s economy expanded 5.9 per cent in the fourth quarter of 2017, up from 5.8 per cent in the previous quarter, with private sector demand continuing to be the primary driver of growth.

On the scoreboard, the FBM Emas Index increased 44.72 points to 13,116.45, the FBMT 100 Index firmed 42.04 points to 12,832.12 and the FBM Ace rose 29.74 points to 6,212.03.

The FBM Emas Shariah Index went up 54.00 points to 13,428.7 and the FBM 70 improved 75.34 points to 16,076.56

Sector-wise, the Finance Index added 40.43 points to 17,648.47, the Plantation Index decreased 4.79 points to 7,989.30 and the Industrial Index went up 3.15 points to 3,201.09.

On the broader market, gainers outpaced losers 423 to 218, while 314 counters remained unchanged with 937 untraded and 20 others suspended.

Turnover stood at 706.68 million shares worth RM520.83 million.

For the heavyweights, Maybank was flat at RM10.12, Tenaga rose two sen to RM15.72, Petronas Chemicals bagged three sen to RM8.10, CIMB added four sen to RM7.00, while Public Bank fell two sen to RM22.02.

Among actives, PUC bagged 1.5 sen to 26.5 sen, Hibiscus perked 4.5 sen to 94.5 sen, Sapura Energy gained one sen to 69.5 sen, while Fintec Global fell half-a-sen to 12.5 sen. — Bernama

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