KUALA LUMPUR, Nov 25 — Share prices on Bursa Malaysia opened higher as sentiment was buoyed by Wall Street’s rise on Friday, dealers said.
At 9.10am, the FBM KLCI was 4.93 points better at 1,799.45 after opening at 1,797.29.
Gainers led losers 159 to 70, with 159 counters unchanged, 1,212 untraded and 25 others were suspended.
Turnover totalled 149.12 million shares worth RM66.52 million.
HwangDBS Vickers Research said Wall Street was up by between 0.3 per cent and 0.6 per cent at the closing bell on Friday as sentiment was boosted by strong economic data.
“The stable external backdrop may pave the way for our Malaysian bourse to inch its way higher today.
“On the chart, the benchmark FBM KLCI could rise and test the psychological mark of 1,800 points ahead,” it said in a note today.
The Finance Index improved 37.33 points to 16,481.57, the Plantation Index rose 29.25 points to 8,836.48 and the Industrial Index was 2.72 points better at 3,130.71.
The FBM Emas Index increased 26.11 points to 12,520.86, the FBMT100 Index advanced 27.60 points to 12,247.87, the FBM Ace added 40.34 points to 5,676.55 and the FBM 70 rose 7.66 points to 14,265.01.
Among actives, Patimas was unchanged at one sen and 1Utopia added half-a-sen to eight sen.
Insas and EA Holdings added 1.5 sen each to 93.5 sen and 19.5 sen, respectively, while Sumatec perked 2.5 sen to 34 sen.
As for heavyweights, IOI Corporation and Petronas Chemical rose nine sen each to RM5.65 and RM6.72, respectively, British American Tobacco added 84 sen to RM63.20, Maxis garnered seven sen to RM7.15 and Telekom Malaysia was three sen higher at RM5.18. — Bernama
