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KL Shares Rebound From Lower Opening

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KUALA LUMPUR: Share prices rebounded at mid-morning from a lower opening today, as buyers started to nibble stocks in a market interspersed with mild profit-taking.

At 11 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,724.63, up 0.85 of-a-point from yesterday’s close of 1,724.63 after opening 1.32 points lower at 1,719.47.

It had risen to as high as 1,727.12.

The rebound was bolstered by gains in utility and finance-linked counters, led by Tenaga Nasional which added eight sen to RM14.48, with 1.73 million shares changing hands.

Other leading movers in the composite index component stocks were RHB Capital which rose 13 sen to RM6.23 while top weighted Maybank added two sen to RM9.17.

But on the broader market, losers still outpaced gainers 304 to 228 with 315 counters unchanged, 883 counters untraded and 18 others suspended.

Turnover stood at 653.90 million shares worth RM345.05 million.

Meanwhile, the FBM Emas Index advanced 4.61 points to 11,974.93, the FBMT100 Index increased 5.38 points to 11,669.92 while the FBM Emas Shariah Index added 5.78 points to 12,533.23.

The FBM70 rose 4.80 points to 13,297.63, but the FBM Ace slipped 30.26 points to 5,736.80.

On a sectorial basis, the Finance Index bagged 32.49 points to 14,991.90, the Plantation Index climbed 31.37 points to 7,807.26, while the Industrial Index slid 5.17 points to 3,287.18.

Among actives, Eka Noodles and Sumatec were flat at 14.5 sen and 13 sen respectively, Vivocom eased one sen to 31.5 sen, and AirAsia X gained one sen to 32 sen, while its warrant (A) rose 1.5 sen to 17 sen.


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