FBM KLCI rises amid weaker broader market

KUALA LUMPUR: Malaysian benchmark stock index rose on Tuesday morning trade, in line with other regional indices, as markets tracked Wall Street's bullish performance overnight.

At 12.30pm, the FBM KLCI was up 4.39 points to 1,611.71 although the broader market saw the number of declining stocks outpace gainers 639 to 460, while 472 stocks remained unchanged.

The share turnover was 3.58 billion valued at RM2.07bil.

Six of the 13 market sectors put on gains, with the most improved being plantations and healthcare.

Leading the blue chips higher were Telekom up seven sen to RM6.59, MISC gaining eight sen to RM8.43 and SD Guthrie rising nine sen to RM4.31.

Some notable gainers on the broader market included ATA IMS surging 16.5 sen to 51 sen, Notion VTec gaining 11 sen to RM1.92 and Heineken adding 12 sen to RM23.32.

In the technology sector, Frontken climbed 16 sen to RM4.64, KESM added 13 sen to RM7.54 and Vitrox put on 11 sen to RM4.71.

Regionally, Japan's Nikkei jumped 0.86% to 38,428 while China's composite index rose 0.36% to 3,026.

Hong Kong's Hang Seng slipped 0.18% to 17,902 and Singapore's Straits Times index added 0.16% to 3,302.

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