Bursa Malaysia ended Monday morning trading session in green with the benchmark index FBM KLCI climbing up 7.20 points or +0.49% at 1,487.75 as compared to last Friday’s close of 1,480.55. The index was lifted by buying interest on selected heavyweights and energy related stocks.
At 9:00 am, the index inched higher at 1,484.56.
During the morning trading session, the index was traded in the range of 1,483.93 – 1,489.59.
Last Friday, the Dow Jones Industrial Average surged 2.13% or 700 points, while the Nasdaq gained 2.56% or 264 points, as the market participants digested the inflation data in the US. It may be heading for a cooling off, hence a dovish stance by Federal Reserve on rate hikes.
Top five active counters for the morning session were CSH Alliance, Cypark Resources, Nylex Malaysia, Citaglobal, L&P Global.
Top five gainers were Hextar Technologies, Malaysian Pacific Industries, Ajinomoto Malaysia, Allianz Malaysia, Fraser & Neave.
Whilst top five decliners were Sunmow Holding, Chin Tek Plantations, Kotra Industries, Carlsberg Brewery Malaysia, Heineken Malaysia.
