KUALA LUMPUR, Oct 17 — Bursa Malaysia opened higher today on the back of positive sentiment, bearish oil prices and as investors await the announcement on the Budget 2017 this Friday, a dealer said.
At 9.14am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.01 points marginally higher at 1,659.98, against last Friday’s close of 1,658.97.
The index opened 1.01 points higher at 1,661.13.
Market breadth was positive with gainers outpacing losers 129 to 81, while 199 counters were unchanged, 1,249 untraded and 18 others suspended. Turnover stood at 60.45 million shares worth RM29.65 million.
Oil prices fell early on Monday, dragged down by a rising rig count in the
US, record Opec-output, and slowing global economic growth which could dampen fuel demand.
Of the heavyweights, Public Bank added four sen to RM19.76, Maybank perked one sen to RM7.62, IHH Healthcare rose three sen to RM6.45, while TNB eased four sen to RM14.38 and Petronas Chemicals was flat at RM6.81.
Of the gainer counters, Petronas Gas increased 20 sen to RM21.98, PPB Group improved 16 sen to RM16.22, Apollo Food bagged 10 sen for RM6.15 and BAT perked six sen to RM47.90.
The FBM Emas Index rose 7.07 points to 11,744.71, the FBM Emas Shariah Index gained 4.48 points to 12,409.37, and the FBMT 100 Index was 7.35 points higher at 11,442.21. The FBM 70 vaulted 10.39 points to 13,802.81.
However, the FBM Ace fell 2.02 points to 5,147.18.
The Plantation Index gained 0.59 point for 7,915.16, the Industrial Index increased 2.32 points to 3,123.36 and the Finance Index improved 29.18 points to 14,254.56. — Bernama
