KUALA LUMPUR, Oct 24 — Share prices on Bursa Malaysia extended its bullish performance to open higher in early trade this morning, supported by continued buying interest in heavyweights counters, dealers said.

At 9.03am, the FTSE Bursa Malaysia KLCI was five points better at 1,819.11, after opening 4.64 points higher at 1,818.75.

Gainers outnumbered losers 100 to 52, with 124 counters unchanged, 1,347 untraded and 28 others were suspended.   

Turnover stood at 69.258 million shares worth RM28.377 million.

HwangDBS Vickers Research said after registering a new closing high of 1,814.11 yesterday, the key FBM KLCI could take a breather today.

“From a technical perspective, the benchmark index were already up by 2.6 per cent this month.

“It may consolidate its gains by oscillating between its immediate support and resistance levels of 1,800 and 1,825, respectively,” it said in a note today.

On the corporate sector, it said stocks that could attract interest today include Protasco, which was appointed to develop 1,680 apartment units in Putrajaya with a project value of RM578 million.

Others include Malaysian Resources Corp Bhd in response to a news report saying that it had secured a RM33 million project to install an overhead transmission line across the Straits of Malacca and HeiTech Padu, which bagged a RM16 million government job to provide hardware and software systems.

Meanwhile, on the scoreboard, the Finance Index rose 18.69 points to 16,871.88, the Plantation Index surged 36.05 points to 8,504.66 and the Industrial Index improved 8.94 points to 3,124.24.

The FBM Emas Index gained 28.41 points to 12,648.13, the FBMT100 Index advanced 29.77 points to 12,375.43, the FBM Ace garnered 9.32 points to 5,544.74 and the FBM 70 perked 17.08 points to w14,387.71.

Among actives, The Media Shoppe and Malaysian Airline System were each flat at 8.5 sen and 35 sen, respectively while Karambunai Corp fell half-a-sen to 10 sen.

As for heavyweights, Maybank and Axiata rose one sen each to RM9.97 and RM6.92, respectively but CIMB lost one sen to RM7.65. – Bernama