KUALA LUMPUR, Dec 7 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded to open higher today on renewed buying interest after ending last week’s trading weaker.
At 9.10 am, the index rose 1.71 points to 1,6689.58 after opening 2.38 points higher at 1,670.25.
For this week, Maybank Kim Eng said investors may trade between 1,595 and 1,744 points with a possible range-bound tone.
“We believe the support levels of 1,595 and 1,667 points may be zones to nibble. Profit taking at the resistances of 1,670 to 1,744 points will cap rebounds,” it said in a research note today.
Of the heavyweights, Maybank was flat at RM8.37, TNB added six sen to RM13.46, Petronas Chemicals gained two sen to RM6.77 while Public Bank slipped four sen to RM18.24.
Among actives, 1Utopia and XOX earned half-a-sen each to five sen and 22 sen respectively, Genetec Tech increased 1.5 sen to 30.5 sen while Instacom improved one sen to 27.5 sen.
In terms of market breadth, the gainers-to-decliners ratio was at 189 to 77, with 156 counters unchanged, 1,346 untraded and 23 others suspended.
Turnover stood at 207.99 million shares worth RM56.25 million.
On the scoreboards, the FBM Emas Index advanced 14.54 points to 11,625.49, the FBMT100 Index added 13.32 points to 11,306.58 and the FBM Emas Shariah Index went up 10.02 points to 12,533.74.
The FBM 70 perked 21.67 points to 12,914.68 and the FBM Ace benefited 35.50 points to 6,440.06.
On a sectoral basis, the Finance Index was 1.24 points better at 14,091.57, the Industrial Index fell 17.90 points to 3,255.27 and the Plantation Index garnered 35.47 points for 7,465.58. — Bernama
