KUALA LUMPUR, Nov 20 ― Share prices on Bursa Malaysia were rangebound at opening today as mild buying interspersed with profit taking, dealers said.
At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,823.94, down 0.45 of a point, after opening 0.27 of a point firmer at 1,824.66.
A dealer said near-term sentiment, however, remained positive, given that the index managed to mark a higher close above the 1,815-point support.
"Therefore, we remain bullish on the FBM KLCI's short-term outlook," he added.
The dealer said based on the current outlook, the immediate support level is pegged at 1,815 points followed by 1,803 points, the previous low of November 17, and the 1,800-point psychological mark.
Meanwhile, the resistance levels are at 1,827 points, near the lows of September 26 and October 9, followed by 1,848 points at the 200-day moving average line.
On the scoreboard, the FBM Emas Index increased 0.33 of a point to 12,580.59, the FBM Ace rose 25.51 points to 6,594.98 and the FBM 70 improved 2.891 points to 13,611.44.
However, the FBMT100 Index eased 1.721 points to 12,249.39.
Sector-wise, the Plantation Index garnered 7.38 points to 8,343.09, the Industrial Index was 12.25 points better at 3,292.38 and the Finance Index added 3.84 points to 16,407.73.
Market breadth was positive with gainers leading losers by 115 to 64, while 148 counters were unchanged, 1,375 untraded and 20 others suspended.
Turnover stood at 102.2 million shares worth RM36.69 million.
Among heavyweights, Maybank, Public Bank and Sime Darby were flat at RM9.60, RM18.34 and RM9.65 respectively.
TNB added eight sen to RM13.82, while Axiata eased five sen to RM7.22.
Among actives, Minetech improved one sen for 17.5 sen and JAG and IFCA MSC gained half a sen each to 22.5 sen and 86 sen respectively.
Technodex was flat at 25 sen, while Berjaya Corp slipped half a sen to 46.5 sen. ― Bernama
