Local Market Overview: Mixed market breadth

Bursa Malaysia ended the morning session marginally higher with a mixed market breadth as investor sentiment remained cautious despite mostly positive performances in regional markets.

Key Points: Mixed market breadth

• FTSE Bursa Malaysia KLCI (FBM KLCI): The benchmark index rose by 0.14% or 2.39 points to 1,617.71.
• Market Breadth: Decliners outnumbered gainers 569 to 470, with 469 counters unchanged.
• Turnover: Total turnover was 3.06 billion units worth RM2.01 billion.

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Notable Performances

Heavyweights:

• Maybank increased by six sen to RM10.08.
• Tenaga Nasional gained four sen to RM14.22.
• CIMB rose three sen to RM6.99.
• Public Bank remained flat at RM4.05.
• IHH Healthcare fell by two sen to RM6.31.

Actives:

• Ocean Fresh soared by 53 sen to 81 sen.
• Dataprep increased by 2.5 sen to 19.5 sen.
• SNS Network rose by half-a-sen to 88.5 sen.
• Appasia stayed flat at 16 sen.

Index Movements

• FBM Emas Index: Increased by 21.56 points to 12,482.29.
• FBMT 100 Index: Rose by 23.97 points to 12,052.56.
• FBM Emas Shariah Index: Climbed by 18.55 points to 12,845.16.
• FBM 70 Index: Garnered 59.25 points to 18,408.90.
• FBM ACE Index: Slipped by 27.19 points to 5,947.17.

Expert Insight

Rakuten Trade suggested that the local bourse might be emerging from its consolidation phase, predicting the FBM KLCI to trend within the 1,615-1,630 range for the day.