KUALA LUMPUR, April 23 — Share prices on Bursa Malaysia opened higher in the early trading today on stronger buying interest in selected blue chips, driven by overnight gains in the US stocks, dealers said.
At 9:10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.71 of-a-point better at 1,867.13 after opening 0.2 points higher at 1,866.62.
Among top gainers, Amway soared 22 sen to RM12.08, while DKSH Holdings, Karex, Cahya Mata Sarawak and Malaysia Airports Holdings Bhd were 10 sen higher at RM8.13, RM3.24, RM10.30 and RM8.15, respectively.
RHB Research said buying support would likely continue and a firm upside bias should keep the benchmark index above 1,850 points.
“Resistance is now at 1,870 points, which was tested yesterday,” the research house said in a note.
Turnover was low at 155.75 million shares worth RM82.9 million.
However, market breadth was positive, with gainers leading losers 201 to 120, while 204 counters were unchanged, 1,103 untraded and 19 others suspended.
On the scoreboard, the Plantation Index fell 34.8 points to 8,965.68, the Finance Index trimmed 4.72 points to 17,158.13, but the Industrial Index added 0.16 of-a-point to 3,186.73.
The FBM Emas Index gained 8.67 points to 12,976.19, the FBMT100 Index garnered 6.27 points to 12,602.56, the FBM 70 added 12.93 points to 14,246.51 and the FBM Ace surged 21.76 points to 6,965.04.
Among actives, 1Utopia, Talam Transform and PDZ Holdings were flat at 8.0 sen, 10.5 sen and 16.5 sen, respectively.
Of the heavyweights, Public Bank lost 10 sen to RM20.28, CIMB added 3.0 sen to RM7.54, Axiata gained 1.0 sen to RM6.62, while Maybank and TNB were flat at RM9.99 and RM11.94, respectively. — Bernama
