KL shares end morning trade in positive territory

KUALA LUMPUR: Shares on Bursa Malaysia maintained its upward momentum to close the morning session higher in active trading led by second liners.

The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the lunch break 10.18 points better at 1,804.70 after opening at 1,797.29.

The benchmark index moved between 1,795.71 and 1,806.13 throughout the morning session.

Gainers led losers 399 to 269, with 278 counters unchanged, 654 untraded and 29 others were suspended.

Volume amounted to 946.79 million shares worth RM759.27 million. 
HwangDBS Vickers Research said the FBM KLCI, chartwise, would probably remain range-bound between its immediate support and resistance lines of 1,785 and 1,800 in the coming week. 

"As intermittent bargain-hunting activity kicks in to absorb persistent profit-taking pressures, the local bourse could remain sideways for the time being," it said in a note.

On the scoreboard, the Finance Index surged 132.26 points to 16,576.50, the Industrial Index rose 17.99 points to 3,145.98 while the Plantation Index was 8.63 points better at 8,815.86.

The FBM Emas Index advanced 58.51 points to 12,553.26, the FBMT100 Index increased 58.02 points to 12,278.29, the FBM Ace soared 54.66 points to 5,690.87 and the FBM 70 was 25.63 points better at 14,282.98.

Among actives, Solution Engineering added one sen to 32 sen, DSC Solutions gained 1.5 sen to 27.5 sen, Sumatec and Insas garnered 2.5 sen each to 34 sen and 94.5 sen, respectively, while Patimas was unchanged at one sen.

For heavyweights, Tenaga Nasional was up 18 sen at RM9.75, Maybank rose 17 sen to RM9.76, Petronas Chemicals added eight sen to RM6.71, British American Tobacco increased 68 sen to RM63.04 and AMMB gained seven sen to RM7.40