KUALA LUMPUR, Nov 15 — Share prices on Bursa Malaysia were traded firmer in the early session today, tracking overnight improvement on Wall Street, dealers said.
Sixteen minutes into the opening, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 0.7 of a point to 1,784.9. As at 9am, the FBM KLCI maintained the same level at yesterday’s close at 1,784.2. HwangDBS Vickers Research said there was another chance for the key FBM KLCI to overcome the immediate resistance line of 1,785 today after the benchmark index pulled back from an intra-day high of 1,790.03 to close at 1,784.20 yesterday.
This follows an overnight rise on Wall Street, where leading indices climbed between 0.2 per cent and 0.5 per cent to new record levels amid renewed expectations for the US Federal Reserve to maintain its monetary stimulus programme.
On the scoreboard, the Finance Index improved 12.13 points to 16,483.211, the Plantation Index 51.11 points to 8,676.25, and the Industrial Index 6.39 points to 3,065.52.
The FBM Emas Index rose 6.1 points to 12,445.87, the FBMT100 Index 6.97 points to 12,169.71, the FBM Ace 8.78 points to 5,766.64 and the FBM 70 17.25 points to 14,259.83.
Advancers overwhelmed decliners 161 to 59, with 1,388 counters unchanged. Turnover stood at 98.476 million shares worth RM60.184 million.
Among actives, KNM Group gained 3.0 sen to 49.5 sen, AT Systemazation was flat at 17.5 sen, Daya added 1 sen to 37.5 and Ecofirs edged up 1.5 sen to 21.5.
Heavyweight Maybank earned 1 sen to RM9.71, CIMB shed 2 sen to RM7.42 and Axiata lost 1 sen to RM6.83. — Bernama
