KUALA LUMPUR, July 10 — Share prices on Bursa Malaysia opened slightly higher this morning on renewed buying interest after ending yesterday’s trading weaker, dealers said.
At 9.20 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)was however, 0.22 of a point lower at 1,890.94, after opening 1.19 points easier at 1,889.97.
MaybankIB Research expects weaker buying interest near the support of between 1,873 to 1,887, while heavier profit taking will emerge at the resistance of 1,891 and 1,896.
“The FBM KLCI’s next upside target is at 1,900,” it said in a research note today.
On the scoreboard, the Finance Index decreased 4.79 points to 17,426.24, but the Plantation Index rose 49.69 points to 9,263.54 and the Industrial Index added 12.12 points to 3,275.96.
The FBM Emas Index improved 4.86 points to 13,157.36, the FBMT100 Index earned 1.64 points for 12,764.95, the FBM Ace climbed 29.97 points to 6,778.61 and the FBM 70 gained 13.82 points to 14,434.34.
Market breadth was positive as gainers led losers 181 to 112 with 200 counters unchanged and 1,142 untraded, including 36 others suspended.
Turnover stood at 156.83 million shares worth RM113.25 million.
Among actives, KNM Group advanced 2.5 sen to RM1.02, Pasukhas Group added 1.5 sen to 21.5 sen, while China Stationery slipped one sen to nine sen and Malaysia Airlines eased half a sen to 22 sen.
Of the heavyweights, Maybank dipped three sen to M9.96, Public Bank lost 10 sen to RM19.94, TNB fell two sen to 12.44, while Axiata shed one sen to RM6.88. — Bernama
