Plantation counters lift Bursa Malaysia higher at midday

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Plantation counters lift Bursa Malaysia higher at midday
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KUALA LUMPUR: The FBM KLCI remained broadly higher at midday on buying support in index-linked counters, led by Kuala Lumpur Kepong and PPB amid advances in regional bourses.There were 399 gainers, 329 losers and 444 counters traded unchanged on the Bursa Malaysia. Turnover stood at 1.63 billion shares valued at RM887.7mil.

PPB closed 28 sen higher at RM14.80, adding 0.5792 points to the index while Axiata rose four sen to RM2.42 nudging the index up by 0.5339 points.On the broader market, Heineken slid 14 sen to RM25.26, Hextar Technologies fell 10 sen to RM24.16, F&N jumped 58 sen to RM26.78 and Rapid gained 52 sen to RM26.40.

TA Securities said the overnight rebound on Wall Street should revive the local market today, but the undertone remained cautious as Middle East concerns persist. Meanwhile, Malacca Securities believes the focus may shift toward technology stocks given the positive sentiment from Wall Street.

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