KUALA LUMPUR: The volatility on the domestic market continued over the morning session with the FBM KLCI bouncing back into positive territory at midday.
At 12.30pm, the FBM KLCI was up 0.8 points to 1,491.98 after spending most of the morning in the red.
The broader market however was weak with 491 decliners compared with 267 gainers.
There were 1.25 billion shares exchanging hands for a value of RM621.91mil.
MISC was the biggest contributor on the FBM KLCI with a 17 sen jump to RM7.13.
Sime Darby Plantation
climbed nine sen to RM4.24, IOI rose one sen to RM4.11 and Kuala Lumpur Kepong was unchanged at RM22.44.
Press Metal meanwhile gained nine sen to RM4.70.
On the broader market, top actives were VC unchanged at 16.5 sen, SNS down 0.5 sen to 26 sen and Jade Marvel up one sen to 27.5 sen.
In Asian markets, sentiment was dampened after Russia shut a major gas pipeline to Europe, leading to further escalation of energy prices.
Japan’s Nikkei fell 0.1% to 27.624, South Korea’s Kospi dropped 0.4% to 2,399 and China’s composite index gained 0.1% to 3,189.
In Hong Kong, the Hang Seng fell 1.3% to 19,203 while Australia’s ASX200 rose 0.2% to 6,843.