KUALA LUMPUR, May 26 — Share prices on Bursa Malaysia opened lower today, but rebounded thereafter lifted by buying in selected heavyweights, dealers said.

At 9.23am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.77 points higher at 1,634.73 after opening 2.18 points weaker at 1,628.78.

It closed 5.12 points higher at 1,630.96 yesterday.

A dealer said the local stock market continued yesterday’s momentum which saw last minute buying of bluechips which lifted the key index to settle near the day’s high at 1,630.96.

“Following the last minute buying of selective bluechip stocks yesterday, the market is likely to move between 1,620 and 1,637 in the coming few days,” he said.

Among heavyweights, Maybank rose five sen to RM8.35, TNB added two sen to RM14.02, IHH earned one sen to RM6.56, Petronas Chemicals garnered eight sen to RM6.57 and Public Bank was flat at RM19.22.

On the scoreboard, the FBM Emas Index added 12.6 points to 11,424.63, the FBMT100 Index firmed 15 points to 11,121.64 and the FBM Emas Shariah Index increased 7.8 points to 11,956.56.

The FBM 70 decreased 20.63 points to 12,887.93 but the FBM Ace was 3.38 points higher at 5,530.11.

Sector-wise, the Finance Index improved 11.16 points to 14,254.54, the Industrial Index added 2.23 points to 3,086.54 but the Plantation Index eased 6.34 points to 7,454.41.

Market breadth was mixed with 165 gainers and 160 losers while 198 counters were unchanged, 1,223 untraded and 22 others were suspended.

Turnover stood at 158.39 million shares worth RM79.62 million.

Of actives, Vivocom and Netx were flat at 29 sen and four sen, respectively, while AirAsia X earned one sen to 39 sen. — Bernama