Bursa Malaysia Mixed At Midday
KUALA LUMPUR, Jan 10 (Bernama) -- Bursa Malaysia ended the morning trading session on a mixed note, reflecting the slightly cautious market sentiment, in line with the sideways trading seen across Asian equities.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.79 points, or 0.17 per cent, to 1,603.60, from Thursday’s close of 1,600.81.
The index had opened 2.73 points higher at 1,603.54 and traded between 1,599.71 and 1,605.53 during the session.
Decliners outpaced gainers at 491 versus 324, while 523 counters were unchanged, 1,031 untraded and 19 suspended. Turnover totalled 1.48 billion units worth RM1.09 billion.
ActivTrades trader Anderson Alves said the sideways trade in Asian markets is exacerbated by market participants awaiting the United States (US) Nonfarm Payrolls data later today.
Notably, he said higher bond yields globally, particularly from G7 countries, are starting to weigh on market positioning dynamics, pressuring both stocks and the foreign exchange market.
“Attention remains focused on potential trade policies under Trump as inauguration day approaches, while broader market sensitivity is expected to heighten with the release of key US jobs data later in the session,” he said.
Among the heavyweights, Tenaga Nasional added 12 sen to RM14.24, IHH Healthcare was six sen firmer at RM7.10 and Press Metal gained three sen to RM4.71, while MYDIY and YTL Corporation were flat at RM1.80 and RM2.46, respectively.
At the same time, Gamuda and Sime Darby fell by one sen to RM4.98 and RM2.23, respectively.
Of the active stocks, Velocity increased 1.5 sen to 8.5 sen, Vanzo and Green Packet went up half-a-sen each to 19.5 sen 3.5 sen, respectively, while Nationgate lost 17 sen to RM2.45.
On the index board, the FBM Emas Index improved by 10.67 points to 12,305.34, the FBM Emas Shariah Index inched up 0.21 of-a-point to 12,261.06, and the FBMT 100 Index garnered 14.47 points to 11,992.26.
The FBM ACE Index grew 38.19 points to 5,3348.02, while the FBM 70 Index slipped 1.35 points to 18,478.76.
Sector-wise, the Plantation Index edged down 26.62 points to 7,506.74, the Industrial Products and Services Index eased 0.06 of-a-point to 170.56, and the Energy Index fell 1.98 points to 833.34, while the Financial Services Index strengthened by 59.30 points to 18,913.08.
-- BERNAMA
