Bursa Continues Uptrend At Midday

Bursa Malaysia continued to trade higher at midday, supported by buying activities in selected heavyweights led by the utilities sector.

YTL Power International Bhd added 18 sen to RM3.40 and YTL Corporation Bhd edged up six sen to RM2.28.

Both stocks pulled the composite index up by a combined 3.5 points.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.55% or 8.18 points to 1,495.79 from last Friday’s close of 1,487.61.

The benchmark index opened 0.99 points better at 1,488.60 and moved between 1,488.60 and 1,496.89 throughout the morning session.

On the broader market, gainers led decliners 635 to 401, while 394 counters were unchanged, 790 untraded and 19 suspended.

Turnover amounted to 4.32 billion units worth RM2.17 billion, Bernama reported.

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