KUALA LUMPUR, Feb 16 ― Bursa Malaysia extended its positive momentum from last week to open higher with interest focused on ,oil and gas related stocks, dealers said.

At 9.38am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,805.06, up 4.11 points after opening 3.99 points higher at 1,804.94.

“Key resistance lies with the Feb 4 high of 1,831, matching the 200-day moving average level, while immediate support will be at 1,778,” he said.     

On the scoreboard, the FBM Emas Index was 17.59 points higher at 12,445.93, the FBMT100 Index increased 15.551 points to 12,123.15, the FBM Emas Shariah Index gained 11.36 points to 12,940.92, the FBM Ace perked 25.14 points to 6,438.19 while the FBM 70 eased 1.36 points to 13,501.92.

On a sectoral basis, the Finance Index improved 35.33 points to 15,957.78, the Industrial Index added 2.17 points to 3,288.16 and the Plantation Index added 6.4 points to 8,171.32.

Gainers led losers 270 to 128, while 217 counters were unchanged, 1,156 untraded and 12 others suspended.

Turnover stood at 483.1 million shares worth RM391.68 million.                

Among actives, Wintoni and KNM earned half-a-sen each to 10.5 sen and 72.5 sen, respectively, and Perisai Petroleum gained two sen to 69 sen.

Of heavyweights, Maybank was flat at RM9.19 while TNB lost 16 sen to RM13.78 and Public Bank eased two sen to RM18.52. ― Bernama