Thursday, 11 August 2016

KLCI up 1.6 points at midday

Bursa Malaysia ended the morning session on a positive note at mid-day, led by buying support for selected heavyweights.

At 12.30 pm, the benchmark FTSE Bursa Malaysia KLCI rose 1.6 points to 1,674.63. The index opened unchanged at 1,673.03. Turnover stood at 985.22 million shares worth RM539.9mil.

Losers thumped gainers 365 to 292 while 373 counters were unchanged.

Overnight, the US markets declined led by energy counters following lower oil prices. Similarly, European stocks also dropped after falling oil price and disappointing quarterly earnings.

“Following the negative performance in the US and Europe, the FBM KLCI could pull back from recent gains and consolidate below the resistance of 1,685 points,” JF Apex said in a report.

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