KUALA LUMPUR, June 18 — Shares on Bursa Malaysia opened slightly higher today, extending yesterday’s gains on continued buying momentum, dealers said.
As at 9.30am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) earned 0.32 of a point to 1,874.92 points, after opening 0.19 of a point weaker at 1,874.41.
In a research note today, Maybank IB Research has recommended a “Nibble on Dips” stance for the local index.
“We expect some minor buying interest near the obvious support of 1,860 to 1,873, whilst profit-taking will emerge at the resistance of 1,875 and 1,889,” it said.
On the scoreboard, the Finance Index rose 11.16 points to 17,189.66 and the Plantation Index advanced 21.41 points to 9,181.79.But the Industrial Index declined 4.52 points to 3,210.51.
The FBM Emas Index was 6.31 points better at 12,977.57, the FBMT100 Index added 5.74 points to 12,612.19, the FBM 70 improved 20.5 points to 14,09.89 and the FBM Ace gained 25.4 points to 6,722.5.
Market breadth was positive as gainers outpaced losers 216 to 130, while 270 counters were unchanged, 1,013 untraded and 17 others suspended.
Turnover stood at 272.7 million shares worth RM126.22 million. Among actives, Luster Industries and iDimension Consolidated were flat at 11 sen and 13.5 sen respectively, while Malaysia Airlines and Berjaya Corp earned one sen each to 23 sen and 52.5 sen.
Of the heavyweights, Maybank and TNB were flat at RM9.81 and RM11.72 respectively, Public Bank rose two sen to RM20.92 and CIMB added three sen for RM7.19. — Bernama
