Bursa Malaysia gains 0.14 per cent in subdued early trading
Gainers outnumbered losers 188 to 161, while ACE Market newcomer RedPlanet rose eight sen to 27 sen.
Malaysia’s benchmark FBM KLCI reached 1,604.52 at 9.15am on 22 October, up 2.25 points or 0.14 per cent, as early trading remained subdued. The previous session ended at 1,602.27, before the index began trading 2.49 points higher at 1,604.76.
Market turnover totalled RM75.98 million on volume of 202.13 million units. There were 188 advancing counters against 161 decliners; another 266 were unchanged, 2,285 had not traded and 18 were suspended.
Thong Pak Leng, vice-president of equity research at Rakuten Trade Sdn Bhd, described sentiment as cautious, pointing to the previous session’s trading value of RM2.58 billion. In a note, he forecast a 1,595–1,610 trading range for the benchmark, citing weak buying conviction.
Among heavyweight shares, Maybank reached RM9.98 after a three-sen gain, while Public Bank advanced two sen to RM4.75. CIMB traded at RM7.15, one sen higher. IHH Healthcare held at RM7.94, while YTL Power lost one sen to RM5.33.
ACE Market debutant RedPlanet traded at 27 sen following an eight-sen rise. UWC topped the gainers with a 12-sen increase to RM7.42. Kim Loong was among the losers, dropping eight sen to RM2.47.
The Financial Services Index reached 18,638.91 after gaining 30.22 points. The Plantation Index advanced 9.57 points to 8,629.69, whereas the Industrial Products and Services Index lost 0.18 of a point to 175.21.
