Bargain hunting of blue chips lifts Bursa Malaysia higher at mid-day

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Bargain hunting of blue chips lifts Bursa Malaysia higher at mid-day
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KUALA LUMPUR, March 2 ― Bargain hunting in main index-linked stocks lifted the key index higher at midday today, with hospital operator IHH leading the top gainers. At...

KUALA LUMPUR, March 2 ― Bargain hunting in main index-linked stocks lifted the key index higher at midday today, with hospital operator IHH leading the top gainers.

However, he reckons that the overall sentiment remains fragile following the selldown two weeks ago as investors wait for the Bank Negara Malaysia monetary policy committee meeting next week on the direction of the overnight policy rate . Regionally, most markets were in the red, with Japan’s Nikkei 0.07 per cent lower at 27,496.97, Hang Seng Index weakened 0.40 per cent to 20,536.53 and the Straits Times Index down 0.56 per cent to 3,236.95.

On the index board, the FBM Emas Index climbed 16.16 points to 10,573.49, the FBMT 100 Index gained 16.19 points to 10,262.77 and the FBM Emas Shariah Index ticked up 24.89 points to 10,780.88.

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