Markets  |  JANUARY 29, 2016 3:50AM

KL shares on a firm note at mid-morning

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Markets Mid-morning Bursa Malaysia inside story 01Share prices on Bursa Malaysia were on a firm note at mid-morning today as buyers started wading into the market.

At 11 am, the benchmark FTSE Bursa Malaysia KLCI was 11.43 points better at 1,645.96, from Thursday’s 1,634.53.

The key index opened 0.81 point higher at 1,635.34.

A dealer said Wall Street’s upbeat overnight performance had attracted buyers.

“Investors started wading into selective value-buy blue chips in the consumer, utilities, plantations, construction and oil and gas sectors, following positive reaction to the recalibrated 2016 Budget,” he added.

Buying support for blue chips was led by Tenaga Nasional which chalked up 32 sen to RM13.52 with 5.79 million shares traded, contributing 3.07 points to the rise in the composite index.

Other leading movers in the composite index component stocks were Sime Darby which added 19 sen to RM7.80, while Maybank gained 10 sen to RM8.51, IOI Corporation edged up 13 sen to RM6.91 and Petronas Chemicals advanced 8 sen RM7.09.

Market breadth was positive with gainers outpacing decliners 472 to 200, while 269 counters were unchanged, 828 untraded and 60 others suspended.

Turnover stood at 772.85 million shares worth RM912.32 million.

On the scoreboards, the FBM Emas Index jumped 93.88 points to 11,449.03, the FBMT100 Index increased 90.47 points to 11,157.30, and the FBM Emas Shariah Index gained 79.40 points to 12,273.94.

The FBM 70 soared 150.28 points to 12,784.26 while the FBM Ace bagged 53.57 points to 5,843.88.

Sector-wise, the Finance Index surged 163.30 points to 13,833.00, the Plantation Index climbed 108.32 points to 7,682.84 and the Industrial Index advanced 35.59 points to 3,266.90.

Among actives, KNM gained 3 sen to 49 sen, Xidelang, Sanichi and Tiger Synergy were flat at 5.5 sen, 7 sen and 8.5 sen respectively, while Perisai added two sen to 28.5.

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