KLCI higher at midday; tracks regional markets

by TMR

Malaysia’s KLCI traded higher at the close of the morning session, regaining grounds lost in the past month.

At 12.30pm, the local equity market was 7.41 points higher at 1,696.18 as regional markets posted gains and the concerns of the US-China tariffs were ignored by investors.

The index reached a high of 1,696.88 with 1.24 billion shares valued at RM815.7 million changed hands.

Gainers led losers 365 to 291 while 363 counters were unchanged and 851 untraded.

Top gainers were Malaysian Pacific Industries Bhd, Kossan Rubber Industries Bhd and Malayan Banking Bhd.

Losers for the day were British American Tobacco (M) Bhd, Ajinomoto (M) Bhd and BLD Plantation Bhd.

Regional markets were higher with Japan’s Nikkei 225 and Korea’s KOSPI trading at 22,219.71 (up 287.50 points) and 2,297.67 (up 17.05 points).

Hong Kong’s Hang Seng was 38.72 points higher at 3,915.25 and Singapore’s STI was 3.37 points higher at 3,252.45.

US markets were down for the day as the Dow Jones Industrial Average declined 219.21 points to 24,700.45 and the S&P 500 down 19.82 points at 2,774.02