KUALA LUMPUR, April 28 ― Share prices on Bursa Malaysia opened marginally higher on mild buying support for blue chip stocks and selected heavyweights.
At 9.36am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.05 points better at 1,862.03 after opening 0.56 of-a-point higher at 1,861.54.
Hong Leong Investment Bank Research said weekly supports are between 1,847 points and 1,857 points whilst resistances are situated between 1,871 points and 1,882 points.
“Increased external uncertainties from potential correction in Dow Jones, worries over the heightened geopolitical tensions in Ukraine and China’s economic growth will dampen investors’ sentiments in the near-term,” the research house said in a note.
Top gainers are United Plantations, which garnered 40 sen to RM25.60, followed by Bonia, which surged 28 sen to RM5.18, and Eco World Development Group, which was 18 sen higher at RM5.58.
Turnover stood at 446.81 million shares worth RM148.93 million.
Market breadth was positive with gainers leading losers 198 to 181, while 269 counters were unchanged, 981 untraded and 30 others were suspended.
On heavyweights, Maybank rose 1.0 sen to RM9.96, Public Bank and Axiata were flat at RM20.26 and RM6.65, respectively, TNB eased 2.0 sen to RM11.92 and CIMB lost 1.0 sen to RM7.50.
Among actives, PDZ Holdings gained half-a-sen to 16 sen, Karambunai Corp lost half-a-sen to 9.5 sen while 1 Utopia, MAS and Talam Transform remained unchanged at 7.5 sen, 22.5 sen and 10 sen, respectively.
On the scoreboard, the Plantation Index gained 6.77 points to 9,002.51, the Industrial Index added 4.02 points to 3,151 and the Finance Index was 9.44 points higher to 17,083.03.
The FBM Emas Index rose 9.39 points to 12,927.74, the FBMT100 Index was 9.31 points higher at 12,559.3, the FBM Ace added 18.04 points to 6,928.2 and the FBM 70 was 19.33 points better to 14,163.04. ― Bernama
