KUALA LUMPUR, Sept 20 — Shares on Bursa Malaysia were traded higher in the early session today, riding on bullish momentum after the US Federal Reserve decided not to “disturb” the economic stimulus programme, dealers said. At 9.10 am, the benchmark index was up 6.59 points to 1,799.5, after opening at 1,796.06.
HwangDBS Vickers Research said following a 21.5-point or 1.2 per cent jump yesterday, the FBM KLCI might take a breather today.
“On the chart, the key market barometer will probably oscillate between its immediate support and resistance levels of 1,785 and 1,800 ahead,” it said in a research note.
On the scoreboard, the Finance Index rose 61.199 points to 16,913.28, the Industrial Index 8.32 points to 3,055.61 and the Plantation Index 36.23 points to 8,429.83. The FBM Emas Index advanced 34.73 points to 12,475.73, the FBM100 Index 34.87 points to 12,216.76 and the FBM Ace 48.26 points to 5,278.92. The FBM 70 slipped 0.39 of a point to 14,099.29.
Gainers led losers 137 to 85, with 155 counters unchanged, 1,220 untraded and 31 others were suspended. Volume stood at 128.03 million shares worth RM69.17 million.
Among actives, Iris added 1.5 sen to 23 sen, Hiap Huat 1 sen to 14.5 sen and The Media Shoppe 0.5 sen to 10.5 sen. MAS slipped 0.5 sen to 32 sen while Green Ocean was unchanged at 21 sen. Heavyweights Maybank and Axiata added 2 sen each to RM10.26 and RM6.92 respectively, CIMB 11 sen to RM7.93, Sime Darby 3 sen to RM9.54 and Petronas Chemicals 5 sen to RM6.91. — Bernama
