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KUALA LUMPUR: Malaysia’s benchmark stock index bounced back at mid-morning to enter the lunch break slightly higher as heavyweight banks led the rally.
At 12.30pm, the FBM KLCI was up 0.77 points to 1,441.73 amid a slump in regional equities as geopolitical tensions in the Middle East continued to simmer.
Bursa Malaysia, however, recorded a notably negative performance with 698 decliners compared to 149 gainers.
Trading volume was 2.01 billion shares valued at RM1.07bil.
Chinese equities slid to fresh multi-year lows with the Shanghai composite index falling 0.8% to 2,959 and the blue-chip CSI300 sliding 0.6% to 3,489.
Hong Kong’s Hang Seng was down 0.7% to 17,172.
Meanwhile, Japan’s Nikkei dropped 0.75% to 31,024 and South Korea’s Kospi dipped 0.4% to 2,366.
On Bursa Malaysia, Public Bank rose three sen to RM4.17 and CIMB added five sne to RM5.67. Hong Leong Bank, however, was down two sen to RM19.46 while RHB slid three sen to RM5.57.
PETRONAS Chemicals also weighed nine sen to RM7.11 and Press Metal
slid two sen to RM4.87.
AirAsia X continued its descent for a seventh straight day, slipping 13 sen to RM1.88 as its bid to exit Practice Note 17 status was rejected by Bursa Malaysia last Friday.
Top actives on the market included KNM down 0.5 sen to 9.5 sen, Ekovest up 0.5 sen to 47 sen and MRCB sliding 0.5 sen to 41.5 sen.
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