Narrowed Earlier Gains, FBM KLCI Remained Flattish in Mid Day

Taking mixed cue from performance of regional peers, Bursa Malaysia narrowed its earlier gains of opening and closed the Wednesday morning trading session flattish with the main index FBM KLCI shaving 0.9 point off or -0.06% at 1,486.03.

At 9:00 am, the main index opened with a tinge of bullishness at 1,487.04 vis-a-vis yesterday’s close of 1,485.13.

During the morning trading session, the index was traded in the range of 1,484.21 – 1,487.69.

According to analysts, the KLCI index is expected to be traded within a close range of between 1,485 and 1,495. Formidable psychological level at 1,500 point-level at the current moment.

Top five active counters for the morning session were Dagang Nexchange, Citaglobal, Berjaya Corp., Icon Offshore, DS Sigma.

Top five gainers were Fraser & Neave, Imaspro Corp., Hong Leong Financial Group, Aeon Credit Service, Carlsberg Brewery Malaysia.

Whilst top five decliners were Hextar Technologies, Rapid Synergy, Kuala Lumpur Kepong, Chin Tek Plantations, PPB Group.

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