By BERNAMA
Share prices on Bursa Malaysia rebounded at mid-morning today after opening lower, spurred by light buying in selected blue chips and small-capitalised stocks.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.90 points or 0.18% higher at 1,634.44 from Wednesday’s 1,631.54.
The key index had opened 0.06 point lower at 1,631.48, prompted by the weak overnight performance of Wall Street, with the benchmark The Dow Jones Industrial Average shedding 1.38% after the US Federal Reserve left interest rates unchanged.
Of the FBM KLCI components, Petronas Gas gained 22 sen to RM22.10, SapuraKencana improved 5 sen to RM1.70, while Malayan Banking was flat at RM8.34.
Market breadth was still negative with decliners outpacing gainers 357 to 225 while 282 counters were unchanged, 913 untraded and 68 others suspended.
Turnover stood at 577.80 million shares worth RM400.75 million.
A dealer said investors also remained cautious ahead of the presentation of the recalibrated Budget 2016 by the Prime Minister today.
On the scoreboards, the FBM Emas Index rose 8.47 points to 11,344.55, the FBMT100 Index increased 11.04 points to 11,052.95, and the FBM Emas Shariah Index improved 8.21 points to 12,241.88.
The FBM 70 lost 18.57 points to 12,570.14, while the FBM Ace appreciated 60.43 points to 5,853.52.
On a sectoral basis, the Industrial Index inched up 4.42 points to 3,168.68, the Finance Index bagged 8.70 points to 13,604.92, while the Plantation Index climbed 23.55 points to 7,515.36.
Among active stocks, XOX Bhd and Nexgram improved 1 sen each to 19.5 sen and 6.5 sen respectively, Xinghe was flat at 5.5 sen, while AirAsia X added half-a-sen to 23.5 sen.
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