KUALA LUMPUR, Sept 4 – Share prices on Bursa Malaysia extended yesterday’s gains to trade higher in the early session today on continued buying support, dealers said.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.26 of a point to 1,724.47, after opening 1.34 points better at 1,725.55.
HwangDBS Vickers Research said the local bourse might lose momentum today after struggling to build on its recovery pace recently.
“On the chart, the benchmark index could move with a downward bias and test the immediate support line of 1,720 ahead,” it said in a research note.
Wall Street was marginally up last night. Major US stock indices rose between 0.2 and 0.6 per cent as investors cheered on better economic vibes and ignored possible military fallout from the political conflicts in Syria, it said.
On the scoreboard, the Finance Index fell 4.14 points to 16,154.61, but the Plantation Index added 2.47 points to 8,163.4 and the Industrial Index rose 8.88 points to 2,897.71.
The FBM Emas Index gained three points to 11,958.9, the FBM100 Index 2.68 points to 11,720.76, the FBM 70 Index 6.75 points to 13,582.03 and the FBM Ace 15.06 points at 4,922.23.
Gainers led losers 94 to 72 while 121 counters were unchanged, 1,278 untraded and 13 were suspended. Turnover stood at 93.68 million shares worth RM35.88 million.
Among actives, China Stationery and The Media Shoppe earned half a sen each to 24 sen and 10 sen respectively. DPS Resources added 2 sen to 20.5 sen while Pelikan Int.Corp lost 1 sen to 49 sen.
Of the heavyweights, Maybank declined 3 sen to RM9.99, Sime Darby gained 4 sen to RM9.44 while Axiata and CIMB were flat at RM6.75 and RM7.19 respectively. – Bernama
