Bursa Malaysia Higher At Midday, In Sync With Regional Markets
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 5.82 points, or 0.39 per cent, to 1,517.32 from Wednesday's close of 1,511.50.
The benchmark index opened 0.39 of a point higher at 1,511.89, and subsequently moved between 1,511.64 and 1,519.50 throughout the session.
The broader market was positive with gainers outnumbering decliners 418 to 374, while 430 counters were unchanged, 1,235 untraded and eight suspended.
Turnover stood at 1.89 billion units worth RM1.12 billion.
The local market was in sync with most of its regional peers -- Hong Kong's Hang Seng Index inched up 0.07 per cent to 24,534.84, Singapore's Straits Times Index rose 0.40 per cent to 4,148.59, and Japan's Nikkei 225 gained by 0.24 per cent to 39,759.93, while South Korea's Kospi slipped 0.05 per cent to 3,184.85.
In a note, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects the local benchmark index to remain in consolidation phase.
'For today, we expect the index to hover within the 1,500-1,510 range,' he said.
Among the heavyweights, Maybank and Public Bank rose one sen each to RM9.54 and RM4.24, respectively. IHH Healthcare went down one sen to RM6.51, while Tenaga Nasional and CIMB were flat at RM13.68 and RM6.50, respectively.
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