KLCI higher, lifted by positive earnings announcement

by DASHVEENJIT KAUR/FILE PIX

Bursa Malaysia remained higher at mid-day today amid positive earnings announcement and  payment of the 1Malaysia People’s Aid (BR1M) that begins today.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.22 points at 1,862.72  from last Friday’s close of 1,861.50.

The index moved between 1,860.19 and 1,867.53 throughout the morning session after opening 2.71 points better at 1,864.21.

Losers led gainers vaguely by 413 to 410, while 411 counters remained unchanged, and 661 untraded.

Turnover stood at 1.5 billion shares worth RM1.04 billion.

Among the heavyweights, Dutch Lady Milk Industries Bhd rose RM1.52 to RM68, Hong Leong Bank Bhd jumped 21 sen to RM18.54, Public Bank rose 12 sen to RM22.92, CIMB gained two sen to RM7.21, TNB declined two sen to RM15.62, Petronas Chemicals unchanged at RM8.11, and Axiata fell six sen to RM5.59.

According to Bloomberg data, 15 of 30 shares in the FBM KLCI rose , while 12 fell.

The benchmark is up 3.6% so far this year, 10% above its 52-week low of 1,690.64 reached on Feb 28, 2017 and 1% below its 52-week high of 1,880.56 on on Feb 2, 2018.

Among the actively traded counters, Sumatec Resources Bhd and UMW Oil & Gas Bhd inched up half-a-sen to 8.5 sen and 33.5 sen, respectively, PUC Bhd was flat at 27 sen, and AirAsia X edged down 15 to 43.5 sen.

The ringgit appreciated 0.13% to 3.9135 against the US dollar.