FBM KLCI up at 11th hour on CIMB, Maybank

FBM KLCI up at 11th hour on CIMB, Maybank
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KUALA LUMPUR (May 31): The FBM KLCI rose 0.53 point as the index erased losses at the eleventh hour on buying interest in CIMB Group Holdings Bhd, Malayan Banking Bhd and Petronas Dagangan Bhd shares.

At 5pm, the KLCI closed at 1,765.87 points after falling to its intraday low at 1,761.11 points. CIMB added 14 sen to RM6.40, Maybank climbed eight sen to RM9.44 while Petronas Dagangan rose 64 sen to RM24.60.

Petronas Dagangan was Bursa Malaysia's top gainer while  
CIMB was the fifth most-active stock.

"Thanks to the banking counters, the KLCI managed to  continue sustaining its green position today,” Maybank Investment Bank Bhd chartist Nik Ihsan Raja Abdullah told theedgemarket.com over telephone.

Across Bursa Malaysia, 2.74 billion shares worth RM5.17 billion were traded. Decliners outpaced gainers by 501 versus 437 respectively.

IHH Healthcare, Berjaya Sports Toto Bhd and AirAsia X Bhd were the top three actively-traded counters.