KUALA LUMPUR, May 13 — Bursa Malaysia continued to trade higher in mid-morning, buoyed by positive sentiment spilling over into local and regional markets following the 90-day rollback of US-China tariffs.
At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 29.99 points or 1.93 per cent to 1,576.49 from Friday’s close of 1,546.50. The benchmark index opened 14.89 points higher at 1,561.39.
Turnover stood at 1.94 billion shares worth RM1.55 billion.
The broader market breadth was positive, with 738 gainers and 282 decliners; 376 counters were unchanged, 987 untraded, and eight suspended.
Malacca Securities Sdn Bhd noted that Wall Street advanced following the United States (US) and China agreeing to a 90-day pause on tariffs.
“We expect the market to trend higher in the near to mid-term, especially in the technology sector,” it said in a note.
Back home, heavyweight counters Maybank added 31 sen to RM10.20, Public Bank and IHH Healthcare rose 5.0 sen each to RM4.49 and RM5.11, respectively. Tenaga Nasional gained eight sen to RM14.38, but MR DIY fell three sen to RM1.67.
In active trade, Inari increased 30 sen to RM2.24, MYEG rose 1.5 sen to 92 sen, and Nationgate was four sen higher at RM1.62. Tanco and Sapura were flat at 93 sen and 4.5 sen, respectively.
On the index board, the FBM Emas Index soared 233.11 points to 11,753.15, the FBMT 100 Index rose by 235.52 points to 11,521.45, and the FBM Emas Shariah Index gained 198.02 points to 11,673.78.
The FBM 70 Index climbed 406.85 points to 16,720.55 and the FBM ACE Index increased 35.05 points to 4,718.0.
Across sectors, the Financial Services Index strengthened by 451.17 points to 18,506.46, the Industrial Products and Services Index earned 3.16 points to 157.60, the Energy Index secured 18.87 points to 712.31 and the Plantation Index picked up 83.68 points to 7,330.11.
— Bernama
