KUALA LUMPUR, Sept 17 — Share prices on Bursa Malaysia rebounded this morning, tracking the bullish sentiment on regional markets yesterday, dealers said.
HwangDBS Vickers Research said regional peers posted gains yesterday when the local stock exchange was closed for Malaysia Day, with Indonesia leading the way, up 3.4 per cent. Thailand gained 3.1 per cent and the Philippines 2.8 per cent.
“A catch-up rebound is in store for Malaysian equities today,” it said. “On the chart, the benchmark FBM KLCI is set to jump ahead, possibly challenging to overcome the immediate resistance threshold of 1,785 points and climb towards the psychological mark of 1,800 points.”
On the scoreboard, the Finance Index soared 118.91 points to 16,706.31, the Industrial Index rose 20.03 points to 3,025.78 but the Plantation Index shed 23.38 points to 8,307.37.
The FBM Emas Index chalked-up 57.21 points to 12,331.8, the FBM100 Index 56.76 points at 12,084.96, the FBM 70 20.391 points to 13,928.11 and the FBM Ace 22.53 points to 5,116.92.
Gainers outpaced losers 194 to 38, with 100 counters unchanged, 1,256 untraded and 21 others were suspended. Volume stood at 75.91 million shares worth RM56.01 million.
Among actives, Salcon eased 1 sen to 68 sen, Hovid and ES Ceramic gained 1.5 sen each to 29 sen and 11 sen respectively, and Karambunai Corp earned ½ sen to 12 sen.
Heavyweights Maybank and CIMB added 10 sen each to RM10.22 and RM7.67 respectively, and Sime Darby added 8 sen to RM9.60. Axiata lost 1 sen to RM6.88 while Petronas Chemicals was unchanged at RM6.75. — Bernama
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