KUALA LUMPUR, Dec 30 ― Shares on Bursa Malaysia were almost flat in early morning trade today with year-end window dressing activities, interspersed with profit taking, dealers said.
At 9.17am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 0.93 of a point to 1,769.34 after opening 2.61 points lower at 1,765.8.
A dealer said despite the stock market moving sideways, market sentiment should remain bullish in the short term.
“Based on the daily chart, we are eyeing the immediate support level at 1,732 points, while the near-term resistance level is anticipated at 1,790 points,” he added.
The FBM Emas Index increased 5.591 points to 12,118.86, the FBMT100 Index firmed 7.051 points to 11,866.19, while the FBM Emas Syariah Index rose 12.33 points to 12,575.94.
The FBM 70 expanded 10.92 points to 13,122.34, with the FBM Ace slipping 0.17 of a point to 5,664.39.
Sector-wise, the Finance Index gained 5.649 points to 15,726.3, while the Plantation Index lost 20.22 points to 7,834.49, and the Industrial Index declined 5.31 points to 3,192.39.
Gainers and losers were at 105 each respectively, while 133 counters were unchanged, 1,397 untraded and 14 others suspended.
Turnover stood at 139.34 million shares worth RM64.82 million.
Among heavyweights, Maybank added two sen to RM9.21, Public Bank gained four sen to RM18.44 and Axiata chalked up six sen to RM7.07.
Meanwhile, TNB lost two sen to RM13.92 and Sime Darby shed 10 sen to RM9.32.
Of the actives, Jobstreet added 4.5 sen to 58 sen, Malaysian United Industries and Connectcounty earned half a sen each to 29 sen and 18.5 sen respectively, and Pan Malaysia advanced 7.5 sen to 30 sen.
Minetech was flat at 9.5 sen. ― Bernama
