Bursa snaps losing streak to open marginally higher
KUALA LUMPUR, May 19 — Bursa Malaysia snapped its losing-streak to open marginally higher, in early trading today, on bargain-hunting activities in line with the overnight rebound on Wall Street, dealers said.
At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.62 points higher at 1,768.79 from yesterday’s close of 1,767.17.
The index opened 1.23 points higher at 1,768.40 at 9 am.Gainers thumped losers 231 to 85 while 175 counters remained unchanged with 1,257 untraded and 20 others were suspended.
Turnover stood at 134.94 million shares worth RM67.19 million.Dealer said the FBM KLCI opened marginally higher, lifted by positive sentiment after US stocks steadied following the previous day’s savage sell-off.
Among heavyweights, MISC rose six sen to RM7.59, Digi.com gained one sen to RM5, IHH edged up three sen to RM6.05 but Westports gave up four sen to RM3.86 while Maxis was flat at RM6.49.
Of gainers, Petronas Dagangan rose 32 sen to RM24.40, Malaysian Pacific Industries increased 28 sen to RM13.20, Petronas Gas and Hong Leong gained 12 sen each to RM19.12 and RM14.18, respectively, and Tasco was 11 sen higher at RM2.70.
The FBM Emas Index was 19.81 points better at 12,680.21, the FBMT 100 Index increased 17.98 points to 12,306.00 and the FBM Emas Shariah Index added 24.39 points to 13,016.76.
The FBM 70 improved 47.44 points to 15,294.70 and the FBM Ace garnered 54.21 points to 6,484.69.
Sector-wise, the Plantation Index was 8.03 points lower at 8,049.86, the Industrial Index increased 3.45 points to 3,269.90 and the Finance Index added 29.89 points to 16,372.59. — Bernama.
Source: The Malay Mail Online