Bursa Malaysia opens higher

This is in tandem with key regional markets influences by the strong Wall Street performance overnight

BURSA Malaysia opened higher today in tandem with key regional markets, influenced by the strong Wall Street performance overnight. 

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 9.3 points or 0.67% to 1,395.57 from yesterday’s close of 1,386.27.

The key index opened 6.65 points higher at 1,392.92.

On the broader market, gainers surpassed decliners 219 to 61, while 178 counters were unchanged, 1,892 untraded and seven others suspended.

Turnover stood at 107.87 million units worth RM47.63 million.

Rakuten Trade Sdn Bhd VP (equity research) Thong Pak Leng said the benchmark index is expected to maintain its uptrend, mirroring the solid gains over on Wall Street overnight.

“We believe the index would hover in the 1,380-1,400 range today and expect buying activities to return to banks and technology stocks today.

“We also expect the construction sector to be in focus as well, with the 15th General Election date looming,” he told Bernama.

Regionally, Japan’s Nikkei 225 index climbed 1.07% to 27,062.24, Singapore’s Straits Times Index grew 0.5% to 3,030.94, Hong Kong’s Hang Seng Index was firmer by 0.15% to 16,612.9 and Indonesia’s Jakarta Composite Index gained 0.24% to 6,831.12. 

Among the heavyweights, Public Bank Bhd added three sen to RM4.23, CIMB Group Holdings Bhd widened five sen to RM5.35, IHH Healthcare Bhd jumped 12 sen to RM5.98, Petronas Chemicals Group Bhd and Tenaga Nasional Bhd were flat at RM8.50 and RM8.19, respectively, while Malayan Banking Bhd and Hong Leong Bank Bhd shed two sen each to RM8.50 and RM20.58, respectively.   

Of the actives, Jade Marvel Group Bhd gained one sen to 26 sen, HLT Global Bhd edged up half-a-sen to 27 sen, Hiap Huat Holdings Bhd was flat at 16 sen, Careplus Group Bhd and Top Glove Corp Bhd both inched down half-a-sen to 41 sen and 73.5 sen, respectively, while Supermax Corp Bhd declined two sen to 88.5 sen. 

On the index board, the FBM Emas Index strengthened 61.52 points to 9,925.58, the FBM 70 improved by 67.97 points to 11,900.51, the FBM T100 Index increased 62.32 points to 9,676.15, the FBM Emas Shariah Index earned 73.94 points to 9,927.08, and the FBM ACE bagged 29.22 points to 4,710.99. 

Sector-wise, the Financial Services Index was 55.94 points higher at 15,971.84, the Industrial Products and Services Index rose 0.37 of-a-point to 169.92, the Plantation Index perked 45.65 points to 6,451.11, and the Energy Index garnered 3.60 points to 668.64. — Bernama / pic TMR