The FBM KLCI saw a recovery in the early session today as investors capitalised on bargain opportunities following a recent sell-off. By 12:30pm, the key index had risen by 6.75 points to reach 1,618.69. Despite this, the broader market showed a negative trend, with 686 stocks declining compared to just 298 gaining.
The total share turnover was 2.57 billion shares, valued at RM1.41 billion. Only four out of the 13 market sectors posted gains, with financial services and plantations leading the way.
Among the major blue-chip stocks, CIMB increased by 15 sen to RM7.36, PPB climbed by 22 sen to RM14.82, and Kuala Lumpur Kepong added 16 sen to RM21.04. Affin Bank saw a rise of 19 sen to RM3.14, Crescendo advanced by 14 sen to RM4.80, and Kim Loong gained 12 sen to RM2.43.
Top actives included Velocity, which dropped 0.5 sen to 7 sen, Top Glove falling 8 sen to RM1.01, and Velesto rising by 0.5 sen to 22.5 sen.