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Bursa Malaysia turns around to close marginally higher at midday

KUALA LUMPUR: Bursa Malaysia managed to turn around at midday to close higher supported by gains in property as well as transportation & logistics sectors.

At 12.30pm, FTSE Bursa Malaysia (FBM) KLCI was up 0.29 per cent or 4.61 points to 1,573.86 points versus Thursday's close of 1,569.25.

The key index opened which 1.58 points lower at 1,567.67 moved between 1,566.34 and 1,574.43 points in the morning trading session.

The broader market was positive with gainers leading decliners 466 to 458 while 443 counters were unchanged.

Dutch Lady Milk Industries Bhd closed at midday as the top gainer, adding 1.67 per cent or 56 sen to RM34.

On the losing end, Malaysian Pacific Industries lost 1.94 per cent or 58 sen to RM29.36.

On the index board, FBM100 added 0.33 per cent to 11,456.17, FBM Emas gained 0.32 per cent to 11,818.16 and FBM Ace was up 0.19 per cent to 5,024.60.

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