Bursa Malaysia maintained its upward momentum midday, supported by continued buying interest in selected heavyweights and low-liners, dealers said. [NSTP/ HALIM SALLEH]

KUALA LUMPUR: Bursa Malaysia maintained its upward momentum midday, supported by continued buying interest in selected heavyweights and low-liners, dealers said.

At noon break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,832.28, up 2.11 points, against Monday's close of 1,830.17.

After opening 3.64 points better at 1,833.81, the local barometer moved between a narrow range of 1,830.28 and 1,835.17 during the morning session.

A dealer said most regional peers were lifted by the rebound in Wall Street for the second consecutive day as volatility took a back seat.

Regionally, Japan's Nikkei 225 rose 0.44 per cent to 21,476.05, Singapore's Straits Times added 1.44 per cent to 3,433.73 while Hong Kong's Hang Seng increased 2.18 per cent to 30,102.30.

"Sentiment was also supported by higher oil prices with the benchmark Brent crude futures at US$62.78 per barrel, up 19 US cents, or 0.3 per cent. The expectation that global oil demand will climb by 1.59 million barrels per day (bpd) this year, as announced by the Organisation of Petroleum Exporting Countries on Monday, lifted oil and gas counters," the dealer said.

Market breadth was positive with gainers outpacing losers 422 against 331 while 359 counters remained unchanged, 758 untraded and 20 others were suspended.Turnover stood at 741.82 million shares worth RM863.89 million.

The Industrial Index rose 4.77 points to 3,230.39, the Finance Index jumped 34.67 points to 17,524.28 and the Plantation Index added 33.59 points to 7,995.36.

The FBM Emas Index increased 28.78 points to 13,045.38, the FBMT100 Index gained 25.72 points to 12,771.18 and the FBM 70 improved 69.54 points to 15,976.19 while the FBM Ace advanced 10.96 points to 6,096.21.

Heavyweights, Maybank was flat at RM10.06, Tenaga fell two sen to RM15.74, Petronas Chemical and CIMB were one sen lower at RM7.97 and RM6.89, respectively, while Public Bank added eight sen to RM22.02 and Nestle bagged 50 sen to RM116.80.

Among actives, Sapura Energy fell half-a-sen to 67.5 sen, Fintec Global added half-a-sen to 13 sen while Sino Hua was flat at 48.5 sen.

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