KUALA LUMPUR, May 14 — Bursa Malaysia rose 0.15 per cent at mid-morning, buoyed by strong buying support despite a sideways trend in the US market, said Malacca Securities Sdn Bhd.
At 11.05 am, the FBM KLCI gained 2.42 points to 1,605.33 from yesterday’s close of 1,602.91.
The barometer index opened 1.04 points lower at 1,601.62.
In the broader market, gainers slightly outnumbered losers at 462 to 400, with 463 counters unchanged, 1,020 untraded, and nine suspended.
Turnover amounted to 2.09 billion units worth RM1.09 billion.
Malacca Securities said the recent release of financial results from selected technology companies, which exceeded market expectations, coupled with increased demand from AI-driven activities and higher investments in data centres, should provide upside opportunities in the technology sector.
“Additionally, we favour stocks in construction, property, building materials, utilities, and consumer sectors, driven by local catalysts such as the National Energy Transition Roadmap, the New Industrial Master Plan 2030, and the potential revival of the KL-SG High-Speed Rail,” the firm added.
Among heavyweights, Maybank and Public Bank were flat at RM9.87 and RM4.18, respectively. CIMB gained one sen to RM6.81, TNB rose two sen to RM12.42, while IHH decreased two sen to RM6.29.
In active trading, MMAG’s shares and warrants were unchanged at 37.5 sen and 15.5 sen, respectively. Farm Fresh accumulated 17.5 sen to 41.5 sen, AT Systematization improved 3.5 sen to 24.5 sen and Iconic Worldwide eased half-a-sen to 11 sen.
On the index board, the FBM Emas Index gained 15.54 points to 12,133.84, the FBMT 100 Index was 14.82 points higher at 11,738.79 and the FBM Emas Shariah Index added 1.06 points to 12,310.02.
The FBM 70 Index jumped 9.66 points to 17,051.66, while the FBM ACE Index rose 30.77 points to 5,298.26.
Sector-wise, the Industrial Products and Services Index edged up 0.11 points to 192.77, the Plantation Index increased 8.98 points to 7,433.15, and the Energy Index gained 6.09 points to 983.94.
However, the Financial Services Index fell 8.17 points to 17,547.47.
— Bernama
