Bursa Malaysia ends higher during midsession trade

by TMR

Bursa Malaysia main index ended higher at the end of the morning session, ending two consecutive days of losses as fears over escalating trade tensions between the US and China eased.

At 12.04 pm today, the local exchange was up by 4.64 points to 1,864.55, supported by the performance of several bluechip stocks.

The composite index also opened higher by 2.24 points at 1,862.15, after which it traded between a high and low of 1,867.11 and 1,861.56 respectively during the session.

A total of 1.07 billion shares changed hands valued at RM654.72 million. Gainers outnumbered losers 431 to 399 with 345 counters unchanged with 828 untraded.

Gainers included Nestle (Malaysia) Bhd, Panasonic Manufacturing Malaysia Bhd, TIME dotCom Bhd, Padini Holdings Bhd and Top Glove Corp Bhd.

Among the losers were British American Tobacco (Malaysia) Bhd, Hengyuan Refining Company Bhd, Ajinomoto (Malaysia) Bhd and Fraser & Neave Holdings Bhd.

Asian markets were also higher  with the MSCI AC Asia Pacific index up 0.86 points at 172.83, while Japan’s Nikkei 225 rose 469.04 points to 21,235.14 and Korea’s KOSPI rose 15.30 points to 2,452.38.

Hong Kong’s Hang Seng was up 45.06 points at 4,260.43 and Singapore’s STI jumped 18.05 points to 3,430.51.

US markets also traded in positive teritories with the Dow Jones Industrial Average and S&P 500 at 24,202.60 (669.40 points higher) and 2,658.55 (70.29 points higher) respectively.