KUALA LUMPUR, Dec 9 — Shares on Bursa Malaysia continued strong gains in early trading today, supported by persistent buying interest, dealers said.
The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.73 points to 1,828.68 at 9.05am after opening 0.02 of a point lower at 1,826.93.
Gainers outnumbered losers 136 to 32, with 107 counters unchanged, 1,282 untraded and 19 others suspended.
Turnover stood at 55.919 million shares worth RM28.369 million.
HwangDBS Vickers Research said the bullish performance in the FBM KLCI was also influenced by strong gains in the Wall Street, which were up between 0.7 per cent and 1.3 per cent, lifted by rising economic optimism.
“Following the buoyant US equities’ performance, investors will probably feel more upbeat.
“From a technical perspective, the benchmark FBM KLCI is poised to pull away further from the resistance-turned-support line of 1,825, possibly eyeing to advance towards the next resistance hurdle of 1,840 level,” the research house said in a note today.
On the scoreboard, the Finance Index rose 3.5 points to 16,762.33, the Industrial Index gained 3.68 points to 3,101.05 while the Plantation Index surged 43.94 points to 9,042.54.
The FBM Emas Index gained 18.62 points to 12,645.55, the FBMT100 Index garnered 17.64 points to 12,379.77, the FBM Ace added 9.26 points to 5,562.56 and the FBM 70 advanced 44.81 points to 14,143.52.
Among actives, Sona Petroleum-WA rose two sen to 28.5 sen, Sona Petroleum gained 1.5 sen to 45 sen and Sanichi Technology earned half-a-sen to 10.5 sen.
As for heavyweights, Maybank was one sen higher at RM9.84, Tenaga Nasional was flat at RM11 and CIMB fell three sen to RM7.64. — Bernama
