KUALA LUMPUR, Sept 6 — Bursa Malaysia staged a rebound at mid-morning today in overcoming a weak opening, while supported by better crude oil prices.
At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,682.70, up 4.62 points against yesterday's close of 1,678.08.
It opened 3.4 points weaker at 1,674.68.
Gainers led decliners 284 to 277, while 320 counters were unchanged, 789 untraded and 14 others suspended.
Turnover stood at 596.59 million shares worth RM301.33 million.
TA Securities said while the local market might extend recovery today, trading momentum is likely to be mild, pending a stronger local market catalyst.
“Support levels are seen at 1,665 and 1,661, while immediate overhead resistance comes at 1,680, followed by the 1,700 psychological level, with tougher resistance seen at 1,729,” it said.
For the heavyweights TNB rose two sen to RM14.70, Public Bank gained four sen to RM19.88, IHH improved three sen to RM6.64, Petronas Chemicals added one sen to RM6.69, while Maybank slid one sen for RM7.89.
Among actives, M3 Technologies warrant and reach energy warrant added half-a sen each to four sen and 3.5 sen respectively, AirAsia C slid half-a-sen to 40.5 sen, while M3 Technologies was flat at seven sen.
Among the top gainers was Nestle, up 68 sen to RM79.98, Lay Hong rose 30 sen to RM9.80 and Amway increased 18 sen to RM8.78.
Top losers, on the other hand, were Advanced Packaging, down 25 sen to RM2.33, United Plantation declining 20 sen to RM27.30 and DKSH Holdings shedding 15 sen to RM5.56.
The FBM Emas Index gained 27.36 points to 11,815.85, the FBMT100 Index increased 29.53 points to 11,528.05, while the FBM Emas Shariah Index rose 24.25 points to 12,466.28.
The FBM 70 increased 27.36 points to 13,650.90, as the FBM Ace improved 18.37 points to 5,295.51.
On a sectoral basis, the Industrial Index was 12.15 points better at 3,151.50, the Finance Index rose 24.64 points to 14,461.07 and the Plantation Index climbed 23.90 points to 7,867.84. — Bernama
