Bursa slightly higher on Monday

By BERNAMA / Graphic By TMR

‘Bursa Malaysia was positive at midday on Monday on consistent buying support in selected heavyweights and index-linked counters, while tracking higher regional peers, dealers said.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.08 of-a-point higher at 1,683.61 from last Thursday’s close of 1,683.53.

The index opened 15.44 points firmer at 1,698.97 and moved between 1,683.61 and 1,699.66 throughout the session.

Market breadth was positive with gainers outpacing losers 385 to 280, while 322 counters were unchanged, 867 untraded and 24 others suspended.

Turnover was at 1.03 billion shares worth RM880.65 million.

Oanda Corp senior market analyst Jeffrey Halley saw Asian bourses in the green on Monday, as most of the event risk of the week had passed and in following the US indices strong overnight showing.

Meanwhile, on the home front, the manufacturing sector began 2019 with a fourth successive monthly deterioration in operating conditions, with output and new businesses both declining in January.

The headline Nikkei Malaysia Manufacturing Purchasing Managers’ Index registered 47.9 in January, up from 46.8 in December, extending the current period of contraction to four months.

Among the heavyweights on Bursa Malaysia, Malayan Banking Bhd and CIMB Group Holdings Bhd were three sen higher each at RM9.57 and RM5.65 respectively.

Public Bank Bhd and Tenaga Nasional Bhd increased four sen each to RM24.82 and RM12.94 respectively and Petronas Chemicals Group Bhd was flat at RM8.45.

Of the most actives, Bumi Armada Bhd and Sapura Energy Bhd were flat at 20 sen and 26.5 sen respectively, Tatt Giap Group Bhd added one sen to 10 sen, while Iris Corp Bhd was half-a-sen better at 13.5 sen.

The FBM Emas Index was 12.52 points firmer at 11,673.14, the FBM T100 Index gained 11.22 points to 11,556.43, but the FBM Emas Shariah Index eased 9.46 points to 11,543.15. The FBM ACE Index added 71.08 points to 4,473.18 and the FBM 70 gained 57.78 points to 13,874.99. — Bernama