KUALA LUMPUR, Jan 10 — Bursa Malaysia rebounded to open higher today after taking a breather yesterday, dealers said.

At 9.20am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,829.68, up 2.73 points, from yesterday’s close of 1,826.95, and after opening 1.95 points better at 1,828.9.

A dealer said the market, however, is expected to continue experiencing profit-taking pressure based yesterday’s trading activities.

"The analysis of overall market action on Tuesday (yesterday) revealed that buying power was weaker than selling pressure. As such, the FBM KLCI would likely trade below the 1,823.52 level on Wednesday (today),” he said.

Overall market breadth was positive with gainers beating losers 376 to 167, while 252 counters were unchanged, 1,008 untraded and 20 others suspended.

Turnover stood at 831.9 million shares worth RM301.13 million.

Among heavyweights, Maybank and Public Bank were flat at RM9.83 and RM20.82 respectively, while TNB slipped two sen to RM15.86.

Petronas gained five sen to RM8.19 and CIMB added two sen to RM6.77.

Of the actives, Sumatec added one sen to 7.5 sen, UMW O&G gained 1.5 sen to 44 sen, Sapura Energy rose two sen to 95.5 sen and Hibiscus garnered three sen to RM1.09.

PA Resources was flat at 10.5 sen.

The FBM Emas Index was 27.14 points higher at 13,297.47, the FBMT 100 Index bagged 23.15 points to 12,926.92 and the FBM 70 gained 42.98 points to 16,759.9.

The FBM Emas Shariah Index chalked-up 40.2 points to 13,811.94 and the FBM Ace increased 50.15 points to 7,059.81.

Sector-wise, the Finance Index rose 15.719 points to 17,164.02, the Industrial Index was up 4.68 points to 3,417.35 and the Plantation Index climbed 7.36 points to 8,102.09. — Bernama