KUALA LUMPUR, Sept 5 — Share prices on Bursa Malaysia rebounded in early trading today on fresh buying interest after yesterday’s loss, dealers said.
At 9.29am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 2.88 points to 1,719.64, after opening 2.34 points better at 1,719.1.
HwangDBS Vickers Research said news flows on tap today included the outcome of Bank Negara Malaysia’s monetary policy committee meeting this evening with consensus expecting no change in the key overnight policy rate.
“Leading US equity indices climbed between 0.6 per cent and 1.0 per cent last night as sentiment was boosted by better global economic outlook,” it said in a research note today. “This could pave the way for the benchmark FBM KLCI on the Malaysian bourse to overcome the support-turned-resistance line of 1,720 ahead.”
On the scoreboard, the Finance Index rose 10.99 points to 16,057.46, but the Plantation Index slipped 22.88 points to 8,111.45 and the Industrial Index climbed 1.81 points to 2,890.91.
The FBM Emas Index gained 22.11 points to 11,931.72, the FBM100 Index 9.27 points to 11,691.12, the FBM 70 Index 21.25 points to 13,561.11 and the FBM Ace 26.79 points to 4,920.27.
Gainers led losers 200 to 59, while 158 counters were unchanged, 1,148 untraded and 13 were suspended. Turnover stood at 186.2 million shares worth RM105.4 million.
Among actives, AT Systematization increased 1.5 sen to 13 sen, Asia Media earned half a sen to 11.5 sen, Daya Materials rose 1 sen to 31.5 sen and Integrated Rubber gained 2 sen to 37 sen.
Of the heavyweights, Maybank, Axiata and Sime Darby were flat at RM9.83, RM6.75 and RM9.42 respectively, while CIMB advanced 3 sen to RM7.20. — Bernama
