KUALA LUMPUR: The FBM KLCI ended the morning buying and selling session higher due to shopping for curiosity in chosen heavyweights, amidst stronger regional efficiency.
At 12.30pm, the FBM KLCI added 1.43 factors, or 0.1% to 1,483.13, with 17 of the element shares ending higher.
Rakuten Trade Sdn Bhd mentioned regardless of dealing with with quite a few headwinds, Wall Street staged a aid rally final Friday as all three main indices closed broadly higher.
“On the back of the strong performance on Wall Street, we reckon regional markets to ride on the uptrend hence expect to see the local bourse to improve today.
“Therefore, we anticipate the index to trend between the 1,430-1,445 range today,” it mentioned.
Meanwhile, crude palm rebounded to nearly the RM4,900 a tonne degree with the Brent additionally ended higher at US$113 per barrel.
Mercury Securities expects the native bourse to enhance in lockstep with the sturdy good points on Wall Street final Friday.
Nestle topped the gainers’ listing on Bursa Malaysia, leaping RM1.30 to RM133.90.
Malaysian Pacific Industries
rose 62 sen to RM28.62, Hengyuan gained 32 sen to RM4.84 and Petron Malaysia added 31 sen to RM5.71.
Among the losers, Heineken fell 26 sen to RM24.02, United Plantations misplaced 20 sen to RM14.10, F&N eased 16 sen to RM20.42 and Tenaga declined 15 sen to RM8.04.
On the exterior entrance, China’s CSI300 index rose 1.3% to 4,449.70 factors whereas Hong Kong’s Hang Seng index added 3.2% to 22,403.53.
Japan’s Nikkei share common rose 1.04% to 26,768.77 by the midday break.
