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Utility, plantation stocks lead Bursa to close at intraday high

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Bursa Malaysia Closing,Rakuten Trade,Thong Pak Leng

(Reuters) - Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving Wall Street with doubts whether his ambitious revival plan is headed for the chopping block.

KUALA LUMPUR: Bursa Malaysia closed at its intraday high on Tuesday, driven by bargain hunting in selected heavyweight counters, led by utility and plantation stocks.

Advancers outpaced decliners 683 to 432 on the broader market, with 483 counters unchanged, 817 untraded and 15 suspended. Turnover strengthened to 3.32 billion units valued at RM3.30 billion versus 2.83 billion units valued at RM2.37 billion on Monday. He said the data centre sector, which remains on track to meet its schedule and is progressing as planned according to third quarter company reports, is expected to impact other sectors positively beyond technology.

Among the heavyweights, Maybank gained 10 sen to RM10.18, Public Bank bagged four sen to RM4.51 and IHH added two sen to RM7.22. CIMB was flat at RM8.21 and Tenaga Nasional dropped 10 sen to RM13.38.was flat at 15.5 sen while JCY International was 4.5 sen higher at 48.5 sen. Genetec Technology gained two sen to RM1.25 and MYEG put on 1.5 sen to 90 sen.

The Main Market volume increased to 1.94 billion units worth RM3.06 billion against Monday’s close of 1.55 billion units worth RM2.16 billion.

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