FBM KLCI Climbs to 1,524.31 as US-China Trade Talks Continue

Kuala Lumpur: Bursa Malaysia ended the morning trading session in positive territory amid cautious optimism in the market, as the wait continued for the outcome of the trade talks between the United States and China. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 7.36 points to 1,524.31 from Tuesday's close of 1,516.95.

According to BERNAMA News Agency, the benchmark index opened 3.91 points higher at 1,520.86, marking the lowest level so far in the day, and increased as high as 1,530.85 during the session. Gainers outnumbered losers 459 to 364 in the broader market, while a total of 474 counters remained unchanged, 1,072 were untraded, and 11 were suspended. Turnover stood at 2.0 billion units valued at RM1.16 billion.

Public Bank Investment Bank Bhd noted that global stock markets were on an upward trend as talks between the world's two largest economies continued into a second day. It highlighted that stocks had surged since a significant drop two months ago, driven by expectations that Trump might lower tariffs following successful trade deals globally.

Among the heavyweights, CIMB saw an increase of nine sen to RM6.94, YTL Power and YTL Corporation added 11 sen each to RM3.62 and RM2.13, respectively, and Public Bank improved by two sen to RM4.28, while CelcomDigi remained steady at RM3.78. The top gainers were led by Allianz with a gain of 30 sen to RM19.42, followed by Sunway Construction which rose 26 sen to RM6.23, and F and N and Batu Kawan which gained 18 sen each to RM27.98 and RM19.18, respectively.

Among the most active stocks, MYEG advanced one sen to 96.0 sen, while TWL and Ta Win remained flat at 2.5 sen and two sen, respectively. On the index board, the FBM Emas Index increased by 43.27 points to 11,437.39, the FBMT 100 Index rose by 44.49 points to 11,204.04, and the FBM Emas Shariah Index climbed 32.26 points to 11,401.48. The FBM 70 Index expanded by 27.66 points to 16,514.32, and the FBM ACE Index stepped up by 4.44 points to 4,515.22.

In terms of sectors, the Industrial Products and Services Index increased by 0.42 point to 152.33, the Plantation Index firmed up by 19.65 points to 7,229.68, and the Financial Services Index gained 74.95 points to 17,769.26. However, the Energy Index saw a slight decrease, easing by 0.11 point to 723.42.