KUALA LUMPUR, Feb 4 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded in early trade today after two consecutive days of losses, dealers said.
At 9.10 am, the FBM KLCI was 8.5 points higher at 1,641.8, from yesterday’s closing of 1,653.18.
The key index opened 4.79 points firmer at 1,638.09. A dealer said the local stock bourse lost 34.5 points over the two days on a spillover weakness from global markets as global oil prices slumped on oversupply concerns.
“Bursa Malaysia should consolidate today after erasing most of last week’s strong gains in the past two days,” he added.
On the scoreboards, the FBM Emas Index rose 51.87 points to 11,434.26, the FBMT100 Index firmed 50.79 points to 11,136.30 and the FBM Emas Shariah Index improved 44.88 points to 12,250.72.
The FBM 70 increased 31.89 points to 12,784.34 and the FBM Ace rose 27.97 points to 5,909.14.
Sector-wise, the Finance Index chalked up 70.12 points for 13,779.11, the Plantation Index edged up 8.8 points to 7,715.39 and the Industrial Index climbed 11.27 points to 3,196.85.
Market breadth was positive with gainers outpacing decliners 211 to 83, while 119 counters were unchanged, 1,330 untraded and 16 others suspended.
Turnover stood at 107.91 million shares worth RM52.22 million.
Of the heavyweights, Maybank improved five sen to RM8.49, TNB added four sen to RM13.16 and Public Bank bagged 12 sen for RM18.50.
Petronas Chemicals eased two sen to RM6.96 and IHH slipped one sen to RM6.56.
Among actives, Sumatec earned half a sen to 12 sen, SapuraKencana advanced eight sen to RM1.83 and Perisai Petroleum added one sen to 28 sen.
SKH and AirAsia X were flat at eight sen and 24 sen respectively. — Bernama
