KUALA LUMPUR: It was a very volatile half-hour for the Malaysian stock market as the FBM KLCI snapped back from a 40 point fall to climb 13 points, underpinned by gains in Public Bank and Robert Kuok-owned PPB Group.
At 9.29am, the KLCI was up 12.13 points to 1,859.64. Turnover was 1.08 billion shares valued at RM1bil. There were 388 gainers, 358 losers and 163 counters unchanged.
However, there could be some profit taking and buying support throughout the first day of trading after the market closed for two days after Pakatan Harapan swept to power in a shocking win in the 14th General Election last Wednesday.
Public Bank rose 72 sen to RM24.60 with 1.84 million shares done.
Nestle was the top gainer, up RM4.60 to RM140.20, BAT jumped RM3.30 to RM26 and F&N RM1.12 to RM35.62 while Dutch Lady 70 sen to RM67.50.
PPB Group surged RM1.54 to RM20.70.
Sapura Energy jumped 19.5 sen to 86.5 sen with 180 million shares done.
Opcom hit limit-up, gaining 30 sen to 90.5 sen and Edge added 10.5 sen to 27.5 sen.
CIMB recovered from early selling pressure to edge up one sen to RM6.91 in active trade.
George Kent hit limit down, falling RM1.18 to RM2.76, Gamuda lost 78 sen to RM4.32, MyEG was down 77 sen to RM1.81 and Prestariang 36 sen to RM1.29.
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