KUALA LUMPUR, Oct 10 — Bursa Malaysia staged a slight recovery this morning, lifted by renewed buying interest amid positive sentiment, dealers said.
A dealer said sentiment improved following news that President Barack Obama will nominate Janet Yellen as Federal Reserve chairwoman thumped worries over a partial government shutdown in the United States.
Meanwhile, HwangDBS Vickers Research said the key FBM KLCI, which ended at its intra-day low of 1,769 points yesterday, could extend its sideways drift with a marginal downward bias today.
“Nonetheless, the benchmark index is expected to remain above its immediate support of 1,750-points level for the time being,” it said in a note.
On the scoreboard, the Finance Index rose 19.5 points to 16,494.34, the Plantation Index increased 3.69 points to 8,350.9 but the Industrial Index slipped 3.23 points to 3,028.04.
The FBM Emas Index perked 7.56 points to 12,324.62, the FBM100 Index gained 6.27 points to 12,061.01, the FBM Ace earned 6.4 points to 5,396.6 and the FBM 70 up 13.1 points at 14,108.07.
Gainers led losers 213 to 102, with 172 counters were unchanged, 1,124 untraded and 16 others were suspended.
Volume amounted at 159.272 million shares worth RM76.046 million.
Among actives, MAS inched up half-a-sen to 34 sen, Sealink International rose 6.5 sen to 40.5 sen while The Media Shoppe was flat at 10 sen.
CIMB gained two sen to RM7.42 while both Axiata Group and Petronas Chemicals added one sen each to RM6.91 and RM6.90, respectively.
However, Maybank shed one sen to RM9.84 and Sime Darby lost three sen to RM9.41. – Bernama
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