FBM KLCI Slightly Up at Mid Day

Bursa Malaysia closed the Friday morning trading session in positive note with the FBM KLCI inched up 2.25 points to 1,496.98 compared to Thursday’s closing of 1,494.73.

On the broader market, market breadth remained mildly positive with gainers outpaced losers 350 to 347, while 340 counters were unchanged.

Meanwhile, trading volume registered at 1.08 billion units with value of RM670.4 million.

Investors may generally feel that inflationary pressure might have eased somewhat, but the softening of economic performance in China as well as the Euro zone may put a dent on the global economy and hence affects the sentiment of investors.

Some of the top gainers for the morning session were Batu Kawan, Kotra Industries, MI Technovation, Kluang Rubber, Hong Leong Financial Group.

Whilst losers were Petronas Dagangan, Nestle and Aeon Credit.

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