KUALA LUMPUR, Aug 25 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up, in early trade this morning, riding on the improved technical reading and trend indicators following the recent two-week recovery, dealers said.
At 9.18 am, the key index stood at 1,871.59, up 0.6 point, after opening higher at 1,872.92.
The dealer said bluechips, however, should remain in the background on weak trading interest but small cap and penny stocks should continue to attract robust trading momentum and retail participation.
“There should be further upside bias for the coming week,” he said.
On the scoreboard, the Finance Index rose 23.77 points to 17,470.2, the Industrial Index gained 5.91 points to 3,266.18 but the Plantation Index depreciated 43.33 points to 8,546.96.
The FBM Emas Index edged up 7.94 points to 13,090.2, FBMT100 Index increased 8.5 points to 12,656.51, FBM 70 climbed 22.101 points to 14,392.57 and the FBM Ace advanced 7.78 points to 7,081.39.
Gainers led losers 209 to 139 while 1,040 counters unchanged.
Turnover stood at 337.59 million shares worth RM122.87 million.
Heavyweights, Maybank added four sen to RM10.14, Public Bank gained two sen to RM19.34 while TNB lost four sen to RM12.46.
Among actives, Sumatec and Luster slipped half-a-sen each to 50 sen and 11.5 sen, respectively.
Hubline and Glotec were flat at 5.5 sen and 11.5 sen, respectively. — Bernama
