Bursa Malaysia opens higher

An investor monitors share market prices at a brokerage firm in Kuala Lumpur. — Reuters pic
An investor monitors share market prices at a brokerage firm in Kuala Lumpur. — Reuters pic

KUALA LUMPUR, April 7 ― Bursa Malaysia rebounded to open higher this morning in line with the better performance on Wall Street.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,741.32, up 1.76 points or 0.10 per cent, from yesterday's close of 1,739.56.

The key index opened 1.26 points higher at 1,740.82.

The market breadth was positive as gainers led losers 231 to 90 with 272 counters unchanged, 1,126 untraded while 19 others were suspended.

Turnover stood at 304.66 million shares worth RM89.67 million.                

JF Apex Securities said the FBM KLCI could remain lacklustre above its support of 1,730 points today, following the mixed performance in US and European markets.

“The US markets climbed slightly higher overnight after US President Donald Trump said he will act alone in dealing with North Korea if China does not co-operate,” it said in a note today.

Among heavyweights, Maybank added two sen to RM8.96, Public Bank increased four sen to RM19.96, Petronas Chemicals rose three sen to RM7.80 while Sime Darby and IHH Healthcare were flat at RM9.32 and RM6, respectively.

TNB declined eight sen to RM13.68 and Genting Malaysia fell one sen to RM5.48. 

Of actives, SKH Consortium went up two sen to 16 sen, Niche Capital Emas improved 1.5 sen to 13 sen, MMAG Holdings edged up half-a-sen to six sen and Johan Holdings was up three sen at 26.5 sen.

The FBM Emas Index expanded 21.72 points at 12,425.46, the FBM Emas Shariah Index increased 15.06 points to 12,894.22 and the FBMT100 Index accelerated by 19.49 points to 12,048.97.   

The FBM 70 appreciated 51.43 points to 14,728.99 and the FBM Ace grew 47.25 points to 6,122.09.  

Sector-wise, the Plantation Index climbed 21.60 points to 8,191.19, the Finance Index was 29.35 points vetter at 15,715.65 and the Industrial Index went up 4.15 points to 3,263.41. ― Bernama

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