FBM KLCI higher at mid-afternoon

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) pared down its gains but remained on a positive territory amid buying interest in heavyweights led by TNB.

At 3.05pm, the benchmark index rose 5.38 points to 1,678.14 from Tuesday’s close of 1,679.06. It opened 6.3 points higher at 1,679.06.

Gainers led losers 614 to 242 while 288 counters were unchanged, 720 untraded and 23 others were suspended.

Turnover stood at 2.12 billion shares worth RM1.41 billion.

Among heavyweights, TNB jumped 36 sen to RM14, Sime Darby Plantation rose 13 sen to RM5.05, Axiata advanced nine sen to RM4 and Nestle increased RM3 to RM146.40.

Public Bank added four sen to RM24.70, CIMB and IHH Healthcare gained two sen each to RM5.67 and RM5.65, respectively, while Maybank was flat at RM9.47 and Petronas Chemicals declined 45 sen to RM8.54.

Of actives, MY E.G appreciated 6.5 sen to RM1.02, Hubline and Bumi Armada inched up half-a-sen each to 5.5 sen and 15.5 sen, respectively, Sino Huan-An went up three sen to 19 sen and Destini was two sen higher at 24 sen.

Meanwhile, shares of Ancom Bhd and Ancom Logistics Bhd eased 1.5 sen and half-a-sen each to 47.5 sen and nine sen, respectively.

The shares were said to be linked to a former government agency chairman who was remanded over a contract award.

The FBM Emas Index improved 79.95 points to 11,541.12, the FBMT 100 Index was 70.43 points higher at 11,429.7 and the FBM Emas Shariah Index widened 92.96 points to 11,451.98.

The FBM Ace accelerated 70.7 points to 4,444.88 and the FBM 70 strengthened 223.27 points to 13,354.05.

Sector-wise, the Finance Index improved 47.55 points to 17,392.92, the Industrial Products and Services Index was 2.03 points lower at 163.11 and the Plantation Index jumped 52.52 points at 6,996.64.