By BERNAMA
Bursa Malaysia opened higher this morning after yesterday’s consistent sell-off and on renewed buying interest in selected bluechips.
At 9.16am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 13.57 points higher at 1,614.49, against Thursday’s close of 1,600.92 points.
Gainers outpaced losers 380 to 61 with 133 counters unchanged, 1,178 untraded and 21 others suspended.
Turnover amounted to 204.26 million shares worth RM86.62 million.
Maybank Kim Eng said regional markets were negative yesterday as the sell-off in Asia stocks resumed, with the rally in crude oil prices fizzling out.
“We recommend a ‘sell on rallies’ stance for the index as we believe support at 1,567 to 1,595 will be weaker, while heavy liquidation activities will cap rebounds at the resistance of 1,600 and 1,628,” it added.
Leading the top losers list this morning were United Plantations which slid 34 sen to RM24.70, Paramount Corp and Tan Chong Motor easing 5 sen to RM1.50 and RM2.50 respectively, and Perak Corp falling 3 sen to RM2.46.
For the heavyweights, Maybank increased 7 sen to RM8.25, TNB added 26 sen to RM12.88, Public Bank recovered 22 sen to RM18.08 and Petronas Chemicals gained four sen to RM6.95.
Among actives, AirAsia X gained half-a-sen to RM20 sen, Cybertowers eased 2 sen to 1 sen, Ecofirst Consolidated improved 2 sen to 26.5 sen and SapuraKencana rose 5 sen to RM1.58.
On the scoreboard, the FBM Emas Index bagged 89.72 points for 11,266.60, the FBMT100 Index increased 83.63 points to 10,965.04 and the FBM Emas Shariah Index rose 93.65 points to 12,199.25.
The FBM Ace improved 79.36 points to 5,933.76 and the FBM 70 was 65.58 points higher at 12,639.75.
On a sectoral basis, the Finance Index firmed 102.23 points to 13,484.14, the Plantation Index rose 7.87 points to 7,435.53 and the Industrial Index lost 12.91 points at 3,111.58.
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