FBM KLCI Moved Northward Buoyed by Dip-Buying

Moving in tandem with the positive regional market performance, Bursa Malaysia ended the Wednesday morning trading session in positive territory with the benchmark index FBM KLCI climbed 10.16points or +0.69 % at 1,480.28.

The positive sentiment is fueled by bargain-hunting activities, following the soft inflation print in US.

At 9:00 am, the index opened slightly higher at 1,471.89.

During the morning trading session, the index was traded in the range of 1,471.64 – 1,480.93.

The index was supported by energy sector which saw the energy index gained 0.33%. On the contrary, construction index down 2.03%.

Top five active counters for the morning session were SNS Network Technology, Advance Synergy, Borneo Oil, ITMAX System, NWP Holdings.

Top five gainers were Nestle Malaysia, Hextar Technologies Solutions, Malaysian Pacific Industries, PETRONAS Dagangan, Ajinomoto Malaysia.

Whilst top five decliners were HSI-HK6, CNOOC-C7, SP500-H13, Time dotCom.

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