Bursa extends gains at opening on renewed interest in commodity, O&G counters | Malay Mail

18/5/2022 7:17:00 AM

Bursa extends gains at opening on renewed interest in commodity, O&G counters | Malay Mail

Bursa Malaysia, Bursa Opening

Bursa extends gains at opening on renewed interest in commodity, O&G counters | Malay Mail

KUALA LUMPUR, May 18 — Bursa Malaysia extended yesterday's gains to open higher on the back of return of buying interest in selected commodity and oil and gas (O&G)-related heavyweights. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.18 points to 1,553.78 from...

channel for the latest updates.KUALA LUMPUR, May 18 — Bursa Malaysia extended yesterday's gains to open higher on the back of return of buying interest in selected commodity and oil and gas (O&G)-related heavyweights.At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.18 points to 1,553.78 from Tuesday's close of 1,548.60.

The benchmark index opened 5.55 points higher at 1,554.15.On the broader market, gainers surpassed decliners 213 to 109, while 231 counters were unchanged, 1,702 untraded and 11 others suspended.Total turnover stood at 344.01 million units worth RM95.18 million.

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KUALA LUMPUR, May 18 — Bursa Malaysia extended yesterday's gains to open higher on the back of return of buying interest in selected commodity and oil and gas (O&G)-related heavyweights. At 9. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.56 points to 1,552.18 points to 1,553.93 points to 1,553.78 from Tuesday's close of 1,548.41.

60.41. The index opened 11. The benchmark index opened 5.55 points higher at 1,554.27 points higher at 1,555.15. Total turnover stood at 3. On the broader market, gainers surpassed decliners 213 to 109, while 231 counters were unchanged, 1,702 untraded and 11 others suspended. On the broader market, gainers led losers 191 to 145, while 257 counters were unchanged, 1,662 untraded and 10 others suspended.02 and 1,558.

Total turnover stood at 344.01 million units worth RM95.04 million shares worth RM128. Among the heavyweights, Maybank eased one sen to RM8.18 million. Malacca Securities Sdn Bhd, in a note today, said it expects the broad-based recovery on the local bourse to extend in tandem with the rebound on Wall Street overnight following the release of US retail sales data in April and optimism on China’s easing of lockdowns. Malacca Securities Sdn Bhd expects bargain-hunting activities to emerge within the recovery-themed and plantation sectors ahead of the reporting season. "On the commodity markets, crude oil has taken some pullback, but hovering above US$110 per barrel.57, RM6.79 billion from 3.

"Meanwhile, crude palm oil (CPO) is priced around RM6,150 per tonne. “Meanwhile, the higher crude oil price, which was trading above the US$110 per barrel, may boost the energy sector,” it said in a research note today. Do note that Indonesian farmers protested against export sales ban on palm oil, which may potentially cause an impact on the CPO price," it said. The research firm said further buying interest is also expected in the technology sector following Nasdaq’s strong rally overnight.0 per cent in Q1 2022, supported by increases in both domestic and external demand, as well as labour market recovery. Among the actives, Sapura Energy increased three sen to 7. Among the heavyweights, Maybank and Public Bank added one sen each to RM8.96 and RM4. Among the heavyweights, Maybank eased six sen to RM8. “Key regional markets are also in positive territory with high buying interest in technology stocks.

54, respectively, Petronas Chemicals improved 10 sen to RM10.5 sen and Techna-X inched down half-a-sen to 11 sen.12, IHH Healthcare rose seven sen to RM6.55 and RM5.50, and CIMB gained two sen to RM5.08.38 and IHH Healthcare added one sen to RM6.10, Hong Leong Financial improved 36 sen to RM19. Of the top gainers, Malaysian Pacific Industries and KL Kepong advanced 46 sen each to RM32/16 and RM27.95 and RM6.

16, respectively, Petron Malaysia widened 23 sen to RM6. Of the actives, Sapura Energy increased 1.94, Batu Kawan bagged 18 sen to RM27.29 and RM5.50, and Gas Malaysia rose 15 sen to RM3.41, while CSH Allaince was flat at 11.14.  On the index board, FBM ACE increased 12. Nestle stood as the top gainers, expanding RM2 to RM133.08 points to 5,305.06.

91 points to 5,376.15, FBM Emas Index advanced 40.36, Harrison Holdings adding 31 sen to RM5.73 points to 11,101.20, and the FBMT 100 Index firmed 59.14, FBMT 100 Index firmed 39.27, and Petron Malaysia strengthening 24 sen to RM6.31 points to 10,764.47, while Techna-X declined 3.

39, FBM Emas Shariah Index widened 49.  On the index board, FBM ACE fell 13. Meanwhile, the FBM Emas Shariah Index gained 85.75 points to 11,599.02, and FBM 70 added 62.35, FBM Emas Index advanced 56.06 points to 13,200.24 points to 13,130.91.37, FBMT 100 Index firmed 54.71 and Hengyuan Refining which added 42 sen to RM7.

Sector-wise, the Financial Services Index increased 39.55 points to 16,574.65, FBM Emas Shariah Index widened 95.62 points to 16,580.04, the Industrial Products and Services Index was 0.56 of-a-point higher at 200.11, and FBM 70 added 36.98, and the Plantation Index climbed 34.75, and the Plantation Index climbed 69.61 points to 5,363.

62 points to 8,294.63.81. — Bernama .50 points to 16,499. ― Bernama You May Also Like.