KUALA LUMPUR: The recovery in crude oil prices and global stock markets provided support to shares to Bursa Malaysia at mid-afternoon, led by the commodity, finance and transportation-related counters.
Sime Darby Plantation jumped 27 sen to RM4.67, Public Bank soared 36 sen to RM17.38, while MISC was 33 sen higher at RM6.98.
Together, the three counters contributed 8.508 points to the composite index.
At 3.06 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 20.58 points to 1,444.74 from Monday’s close of 1,424.16.
At the opening bell, the benchmark index opened 8.3 points lower at 1,415.86.
However, on the broader market, losers beat gainers 532 to 361, with 349 counters unchanged, 764 untraded and 17 others suspended.
Turnover amounted to 3.02 billion shares worth RM1.94 bil.
Among the heavyweights, Maybank improved 14 sen to RM8.38, Tenaga and CIMB advanced 18 sen each to RM12.68 and RM4.38, respectively, while IHH was nine sen weaker at RM5.60.
Of the actives, Sapura Energy inched up one sen to 11.5 sen, Bumi Armada added 2.5 sen to 18.5 sen but Dayang Enterprise declined 20 sen to RM1.32 and Datasonic was eight sen weaker at 86 sen.
On the index board, the FBM Emas Index improved 109.35 points to 10,056.41, the FBM Emas Shariah Index edged up 83.18 points to 10,630.58 and the FBM 70 was 13.06 points better at 11,937.18.
The FBMT 100 Index was 112.200 points higher at 9,924.61 and the FBM Ace appreciated 61.74 points to 4,700.56.
Sector-wise, the Industrial Products and Services Index gained 0.21 point to 120.92, the Financial Services Index recovered 201.19 points to 14,018.29 and the Plantation Index was 135.09 points higher at 6,429.21. – March 10, 2020, Bernama
