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Bursa Malaysia Stages Slight Rebound; KLCI Up 0.04 Points
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Bursa Malaysia regained some ground at midday after fluctuating during the morning trading session, supported by selective buying interest in heavyweights, particularly within the telecommunications and utilities sectors. At 12:30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.04 points to 1,683.54, compared to Tuesday's close of 1,683.50. The benchmark index opened 1.31 points lower at 1,682.19 and traded between 1,676.10 and 1,685.57 throughout the session. Market Still Dominated by Decliners Market sentiment remained mixed, with 509 counters declining against 419 gainers; 507 counters remained unchanged, 1,436 were untraded, and 27 were suspended. Trading volume reached 1.84 billion units valued at RM1.35 billion. In the telecommunications and media sector, Maxis rose 7 sen to RM3.59. The utilities sector was led by Tenaga Nasional, which recovered 24 sen to RM13.34, while Petronas Gas gained 28 sen to reach RM17.56. Technology and Utilities in Focus According to Apex Securities Bhd, technology counters are likely to remain on investors' radar following the strengthening of artificial intelligence and semiconductor-related stocks in global markets.
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