By BERNAMA
The stock market reacted positively to the recalibrated Budget 2016, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded 0.43% from lower opening.
At 3.15pm, the FBM KLCI advanced 7.08 points to 1,638.62, from Wednesday’s 1,631.54, after opening 0.06 point lower at 1,631.48 in the morning.
Market breadth, however, was still negative with decliners outpacing gainers 491 to 277, while 312 counters were unchanged, 697 untraded and 68 others suspended.
Turnover stood at 1.17 billion shares worth RM1.16 billion.
Buying support for Sime Darby and other heavyweights among plantations, chemicals, oil and gas, and finance-related companies were seen supporting the bourse.
Sime Darby chalked up 27 sen to RM7.50, Petronas Chemicals went up 12 sen to RM7.05, Petronas Gas added 44 sen to RM22.32 and Maybank added 5 sen to RM8.39.
On the scoreboards, the FBM Emas Index rose 30.97 points to 11,367.05, the FBMT100 Index increased 37.53 points to 11,079.44, and the FBM Emas Syariah Index improved 18.97 points to 12,252.64.
On a sectoral basis, the Industrial Index advanced 45.37 points to 3,209.63, the Finance Index bagged 45.57 points to 13,641.79, while the Plantation Index climbed 60.62 points to 7,552.43.
Among active stocks, Xidelang, XOX Bhd and Tiger Synergy gained 0.5 sen each to 5.5 sen, 19 sen and 8.5 sen, respectively, while AirAsia X improved 1.5 sen to 24.5 sen.
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