Thursday 28 Mar 2024
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KUALA LUMPUR: Blue chips on Bursa Malaysia rose at the midday break on Oct 1, aided by fund buying of selected key stocks including BAT, Genting and AMMB, enabling the FBM KLCI to buck the trend among cautious regional markets.

At 12.30pm, the FBM KLCI rose 8.09 points to 1,210.17. Turnover was 227.13 million shares valued at RM308 million. However, the breadth of the market was mixed with 230 gainers, 247 losers and 215 stocks unchanged.

Japan's Nikkei 225 fell 1.5% to 9,980.89 and Singapore's Straits Times Index fell 0.67% to 2,654.79 while South Korea's Kospi shed 1.62% to 1,646.10. Jakarta's Composite Index rose 0.33% to 2,475.71.

Light crude oil fell 58 US cents to US$70.03 but crude palm oil futures rose RM32 to RM2,168.

BAT rose the most, adding 90 sen to RM44.94 while QSR added 13 sen to RM3.38, QSR-WB 14 sen to 97 sen and AMMB 11 sen to RM4.37.

HaiO extended its rally, notching another 21 sen in gains to RM6.24 and sending the stock to new highs. The positive sentiment also spilled over to Zhulian, which rose 16 sen to RM1.85.

Genting added 18 sen to RM7.04, Genting Malaysia three sen to RM2.77 while Genting Singapore-C2 was the most active with 9.9 million units done, adding 4.5 sen to 19.5 sen.

DFZ, which usually sees sharp price movements in thin trade, this time fell 29 sen to RM4.41. DFZ operates the duty-free shops.

Lafarge Cement fell 19 sen to RM6.08, Litrak 18 sen to RM2.74 and Berjaya Land six sen to RM3.94.

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