FBM KLCI slightly higher amid ongoing consolidation

KUALA LUMPUR: The FBM KLCI crept slightly higher at midday but remained in a sideways motion as investors awaited fresh catalysts.

At 12.30pm, the benchmark idex was up 3.75 points to 1,497.78 as most blue chips bounced back from the recent selldowns.

Axiata was seen gaining momentum on the back of bullish analyst updates on the counter, rising eight sen to RM3.78. Other telcos also rose, including Maxis gaining three sen to RM4.41 and Digi adding one sen to RM4.07.

In other sectors, IHH Healthcare climbed five sen to RM6.60 and Sime Darby Plantation added six sne to RM3.82.

Bank stocks, however, were little changed with Maybank staying flat at RM8.10 Public Bank up one sen to RM3.99, CIMB down three sen to RM5.25 and Hong Leong Bank unchanged at RM18.

On the broader market, there were 406 gainers compared to 340 decliners. Top actives were Sapura Energy down 0.5 sen to five sen, ATA IMS adding one sen to 50.5 sen and G3 falling 2.5 sen to 12.5 sen.

In regional markets, equities were mixed following a strong performance in the previous session as investor anxieties eased over the spread of the Omicron virus.

Japan's Nikkei was down 0.2% while South Korea's Kospi rose 0.4%.

In China, the composite index gained 1% while Hong Kong's Hang Seng climbed 0.9%.

In Australia, the ASX200 was down 0.1%.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Bursa Malaysia , FBM KLCI , equities


Next In Business News

Rio Tinto shares slump as Serbia pulls plug on its $2.4 bln lithium project
Oil drops as investors scoop up profits after U.S. inventory build
CPI for December 2021 increased by 3.2% due to rise in food, fuel prices
CIMB Thai’s FY21 net profit up 89% to 2.4bil baht
Cautious market sentiment drags FBM KLCI lower
Phase one of Putrajaya MRT line still undergoing rectification
TNB drives the energy transition to sustainability
Ringgit opens marginally lower against US dollar
Quick take: Supermax falls 3.94% on contracts termination
FBM KLCI rebounds in early trade on bargain hunting

Others Also Read