KUALA LUMPUR, June 9 — Bursa Malaysia was marginally higher at mid-morning today, spurred by buying interest in small caps and lower liners, dealers said.
At 11.01am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.69 of-a-point higher at 1,658.54.
It opened 0.32 of-a-point lower at 1,657.53.
Market breadth was slightly positive with 276 gainers and 251 losers, while 321 counters were unchanged, 846 untraded and 15 others suspended.
Turnover stood at 624.75 million shares worth RM394.66 million.
Kenanga Research said the FBM KLCI is likely to consolidate further at between 1,650.00 and 1,670.00 later today in an attempt to neutralise its overbought situation.
“Overhead resistance is seen at 1,670.00 followed by 1,700.00, while supports are seen at 1,650.00 and 1,640.00,” it said in a note today.
Of the actives, Vsolar, Vivocom and Bumi Armada were each flat at 10.5 sen and 28.5 sen and 74.5 sen respectively, while Trive Property added 1.5 sen to six sen.
Among heavyweights, Maybank eased four sen to RM8.23, TNB was flat at RM14.00, Public Bank rose four sen to RM19.18, while Petronas Chemicals shed seven sen to RM6.63.
The FBM Emas Index improved 2.14 points to 11,600.64, the FBMT 100 Index added 0.30 of-a-point to 11,292.65, but the FBM 70 declined 15.42 points to 13,118.36.
The FBM Emas Shariah Index inched up 2.96 points to 12,160.68 and the FBM Ace soared 37.08 points to 5,484.99.
Sector-wise, the Finance Index decreased 14.36 points to 14,315.87, the Plantation Index was 5.75 points lower at 7,599.07, but the Industrial Index bagged 1.38 points for 3,117.61. — Bernama
