KUALA LUMPUR, Feb 26 ― Share prices on Bursa Malaysia were higher in early trade today boosted by the overnight upturn in crude oil prices, dealers said.
At 9.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.33 points firmer at 1,664.49 from yesterday's close of 1,658.16, lifted by buying in blue chips.
The barometer index had opened 6.65 points higher at 1,664.84.
CIMB led the rise in the composite index with 1.308 points. The stock rose nine sen to RM4.34 with 320,500 shares traded.
A dealer said the local bourse's performance was also partly aided by the positive trend on Wall Street ahead of a meeting of finance chiefs from the Group of 20 countries in Shanghai.
“The focus is now on the G20 meeting as we can anticipate some talk and little action to address the global market liquidity,” the dealer added.
On the scoreboard, the FBM Emas Index rose 36.4 points to 11,570.49, the FBMT100 Index perked 34.03 points to 11,269.53, the FBM Emas Shariah Index increased 32.99 points to 12,369, the FBM 70 gained 6.87 points to 12,865.05 and the FBM Ace went up 25.46 points to 5,738.71.
Sector-wise, the Plantation Index was 40.74 points higher at 7,890.77, the Industrial Index added 0.39 point to 3,228.1, and the Finance Index chalked up 64.75 points to 14,026.79.
Market breadth was positive with gainers outpacing losers 161 to 58, with 107 counters unchanged, 1,771 untraded and 58 others suspended.
Turnover stood at 70.06 million shares worth RM34 million.
Of the heavyweights, Maybank rose three sen to RM8.67, Tenaga and Public Bank gained four sen each to RM13.22 and RM18.42 respectively, while Petronas Chemicals and IHH Healthcare added one sen each to RM6.87 and RM6.54 respectively.
Of the active counters, PUC Founder inched up half-a-sen to 10.5 sen, but Luster Industry shed half-a-sen to seven sen. Global Tec was flat at five sen. ― Bernama
