Consumer stocks lift KL shares midday

Share prices on Bursa Malaysia finished the morning session higher today, lifted by gains in consumer-linked stocks.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,843.59, up 0.81 point, after hovering between 1,842.17 and 1,848.7 throughout the morning session.

Market breadth was extremely positive with gainers outpacing losers 502 to 251, while 312 counters were unchanged, 590 untraded and 27 others suspended.

Turnover stood at 1.53 billion shares worth RM962.47 million.

Among the top gainers were British American Tobacco, which surged 54 sen to RM69.50, while Hume Industries and Fraser & Neave Holdings added 30 sen each to RM3.92 and RM16.30 respectively.

Of the actives, Dagang Nexchange remained flat at 37 sen and Berjaya Corporation appreciated half-a-sen to 50.5 sen.

Among heavyweights, Maybank erased 3.0 sen to RM9.67, Public Bank shed 2.0 sen to RM18.56 and Axiata lost 1.0 sen to RM7.06, while Tenaga Nasional bagged 16 sen to RM13.26.

On the scoreboard, the FBM Emas Index increased 13.1 points to 12,802.37, the FBMT100 Index improved 8.67 points to 12,436.69, and the FBM Emas Shariah Index increased 20.76 points to 13,249.03.

The FBM 70 rose 21.85 points to 14,032.43, the FBM Ace fell 3.24 points to 6,540.48 and the Plantation Index improved 6.6 points to 8,521.67.

The Industrial Index improved 11.35 points to 3,239.55 and the Finance Index gave up 18.3 points to 16,772.96. – Bernama, October 31, 2014.