Bursa Malaysia closes higher midweek

bourse’s upward trend, the broader market was weaker amid lack of catalysts and key momentum indicators.

Most Asian markets rose yesterday, tracking the positive leads from the US and Europe, including Shanghai and Hong Kong markets which recovered from early selling prompted by Moody’s decision to cut China’s credit, he said.

For heavyweights, Maybank added one sen to RM9.36, TNB gained two sen to RM13.82, Petronas Chemicals gained eight sen to RM7.43, Public Bank shed six sen to RM20.08 and Sime Darby was flat at RM9.32.

Of actives, AirAsia X lost 8.5 sen to 45 sen, Luster Industries and Asia Bioenergy eased half-a sen each to 14.5 sen and six sen, respectively, Borneo Oil added half-a- sen to 12.5 sen, while Key Alliance was flat at 4.5 sen.

Among other index- linked gainers, CIMB Group rose 14 sen to RM6.13, Genting Bhd gained 15 sen to RM9.92 and RHB Bank added 10 sen to RM5.39.

The FBM Emas Index was 8.20 points higher at 12,674.56 and the FBMT 100 Index gained 9.20 points to 12,295.76.

The FBM Ace slipped 37.77 points to 6,555.72, the FBM Emas Shariah Index slid 1.40 points to 12,989.33 and the FBM 70 dropped 54.17 points to 15,185.99.

Sector- wise, the Plantation Index was up 6.99 points at 8,053.83, the Finance Index rose 45.06 points to 16,368.84 and the Industrial Index added 1.32 points to 3,272.76.

MainMarketturnoverincreased to 2.30 billion units worth RM2.75 billion, from 1.96 billion units worth RM2.63 billion, registered on Tuesday.

Volume on the ACE Market improved to 652.11 million units worth RM89.03 million, from 634.58 million units valued at RM128.41 million previously.

Warrants rose to 419.87 million units valued at RM50.37 million, from Tuesday’s 320.04 million units worth RM43.15 million.

Consumer products accounted for 128.37 million shares traded on the Main Market, industrial products ( 475.09 million), construction ( 123.25 million), trade and services (1.11 billion), technology ( 102.51 million), infrastructure ( 6.64 million), SPAC ( 1.56 million), finance ( 81.53 million), hotels ( 2.59 million), properties ( 238.32 million), plantations ( 22.50 million), mining (49,000), REITs (6.52 million), and closed/fund (nil).

For more information on stocks and prices, please visit www.bursamalaysia.com.