Bursa Malaysia Surges to 44-Month High on Banking Sector Strength
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Bursa Malaysia defied the regional market downturn, with the $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ rising sharply by 1.37% at midday, driven by robust corporate earnings, particularly in the banking sector. The index climbed 22.70 points to close at 1,674.99, surpassing its previous 44-month high of 1,674.35 recorded on December 17, 2020.
The strong performance in banking stocks was a key driver of the market’s positive momentum. $Bursa Finance Services (0010I.BMS)$ Index surged by 492.30 points to 19,771.15, reflecting significant gains in heavyweight banking counters.
Market Breadth and Turnover
The strong performance in banking stocks was a key driver of the market’s positive momentum. $Bursa Finance Services (0010I.BMS)$ Index surged by 492.30 points to 19,771.15, reflecting significant gains in heavyweight banking counters.
Market Breadth and Turnover
Despite the gains in the $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$, the broader market remained mixed. Losers outnumbered gainers by 559 to 439, with 456 counters unchanged and 42 others suspended. Turnover stood at 2.30 billion units valued at RM2.22 billion.
Sector and Stock Performance
Sector and Stock Performance
• Banking Stocks:
• $MAYBANK (1155.BMS)$: Jumped 20 sen to RM10.90.
• $PBBANK (1295.BMS)$: Advanced 11 sen to RM4.79.
• $CIMB (1023.BMS)$: Increased by 35 sen to RM8.28.
• $TENAGA (5347.BMS)$: Rose by 12 sen to RM14.04.
• $IHH (5225.BMS)$: Gained 1 sen to RM6.31.
• $MAYBANK (1155.BMS)$: Jumped 20 sen to RM10.90.
• $PBBANK (1295.BMS)$: Advanced 11 sen to RM4.79.
• $CIMB (1023.BMS)$: Increased by 35 sen to RM8.28.
• $TENAGA (5347.BMS)$: Rose by 12 sen to RM14.04.
• $IHH (5225.BMS)$: Gained 1 sen to RM6.31.
• Active Counters:
• $LUSTER (5068.BMS)$: Remained flat at 7.5 sen.
• Vetece (ACE Market debutant): Gained 20.5 sen to 45.5 sen.
• $MYEG (0138.BMS)$: Inched up half-a-sen to 90.5 sen.
• $NOTION (0083.BMS)$: Eased 2 sen to 87 sen.
• $CEB (5311.BMS)$: Declined half-a-sen to 36 sen.
Index Performance
• $FTSE Bursa Malaysia EMAS Index (.FBMEMAS.GI)$: Rose 107.68 points to 12,528.42.
• $FTSE Bursa Malaysia Top 100 Index (.FBM100.GI)$: Increased by 115.66 points to 12,226.22.
• $FTSE Bursa Malaysia EMAS Shariah Index (.FBMS.GI)$: Fell 2.81 points to 12,322.28.
• $FTSE Bursa Malaysia Mid 70 Index (.FBM70.GI)$: Dropped 18.84 points to 17,748.15.
• $FTSE Bursa Malaysia ACE Index (.FBMMES.GI)$: Dipped 31.54 points to 5,158.40.
Sectoral Indices
• $Bursa Plantation (0025I.BMS)$: Gained 47.31 points to 7,261.97.
• $Bursa Industrial Products & Services (0002I.BMS)$: Edged up by 0.06 of-a-point to 183.59.
• $Bursa Energy (0061I.BMS)$: Declined 6.99 points to 939.89.
Regional Market Performance
While Bursa Malaysia outperformed, regional markets faced challenges. Major indices in Singapore, Hong Kong, Japan, and South Korea posted losses amid weak sentiment following sluggish performance on Wall Street overnight.
• $LUSTER (5068.BMS)$: Remained flat at 7.5 sen.
• Vetece (ACE Market debutant): Gained 20.5 sen to 45.5 sen.
• $MYEG (0138.BMS)$: Inched up half-a-sen to 90.5 sen.
• $NOTION (0083.BMS)$: Eased 2 sen to 87 sen.
• $CEB (5311.BMS)$: Declined half-a-sen to 36 sen.
Index Performance
• $FTSE Bursa Malaysia EMAS Index (.FBMEMAS.GI)$: Rose 107.68 points to 12,528.42.
• $FTSE Bursa Malaysia Top 100 Index (.FBM100.GI)$: Increased by 115.66 points to 12,226.22.
• $FTSE Bursa Malaysia EMAS Shariah Index (.FBMS.GI)$: Fell 2.81 points to 12,322.28.
• $FTSE Bursa Malaysia Mid 70 Index (.FBM70.GI)$: Dropped 18.84 points to 17,748.15.
• $FTSE Bursa Malaysia ACE Index (.FBMMES.GI)$: Dipped 31.54 points to 5,158.40.
Sectoral Indices
• $Bursa Plantation (0025I.BMS)$: Gained 47.31 points to 7,261.97.
• $Bursa Industrial Products & Services (0002I.BMS)$: Edged up by 0.06 of-a-point to 183.59.
• $Bursa Energy (0061I.BMS)$: Declined 6.99 points to 939.89.
Regional Market Performance
While Bursa Malaysia outperformed, regional markets faced challenges. Major indices in Singapore, Hong Kong, Japan, and South Korea posted losses amid weak sentiment following sluggish performance on Wall Street overnight.
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