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KUALA LUMPUR: Bursa Malaysia stayed in bargain-hunting mode over the morning session as investor sentiment was lifted by the easing of recessionary risk following an optimistic US economic report.
At 12.30pm, the benchmark FBM KLCI was up 4.48 points to 1,391.22 while the broader market was nearly even with 322 gainers to 331 decliners.
Trading volume was 1.66 billion shares valued at RM755.88mil.
Elsewhere, Asian markets remained wobbly against an uncertain backdrop of geopolitical conflict and ongoing inflation risks.
Japan’s Nikkei rose 1.6% to 33,069 although South Korea’s Kospi dropped 0.8% to 2,561.
China’s composite index fell 0.5% to 3,172 and Hong Kong’s Hang Seng sllid 0.1% to 19,122.
On Bursa Malaysia, blue chips leading gains included Maybank up four sen to RM8.75, IHH rising seven sen to RM5.89 and Axiata gaining four sen to RM2.67.
Technology stocks, tracking the bounce on the Nasdaq overnight, included MPI up 16 sen to RM28.38, Pentamaster adding 11 sen to RM4.91 and Inari climbing seven sen to RM2.70.
AirAsia X
was seen rallying 11 sen to RM1.83 while SHL jumped 10 sen to RM1.95.
Of actives, Borneo Oil was flat at 1.5 sen, MYEG dropped 3.5 sen to 76.5 sen and Classita gained 0.5 sen to 9.5 sen.
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