KUALA LUMPUR, Nov 29 ― Bursa Malaysia rebounded from yesterday's losses to open slightly higher this morning on the back of renewed buying interest and amid positive sentiment globally, dealers said.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.73 of-a-point better at 1,715.15 from yesterday’s close of 1,714.42.
The index opened 1.86 points higher at 1,716.28.
Market breadth was positive with gainers led losers 148 to 93, while 145 counters remained unchanged with 1,488 untraded and 75 others suspended.
Turnover stood at 65.92 million shares worth RM27.96 million.
A dealer said the overnight rise on Wall Street, following Jerome Powell’s comments that the current banking regulations were “tough enough” coupled with signs of progress on US tax cuts, sparked bullish sentiment into Asian market.
Powell is President Donald Trump's nominee to lead the US Federal Reserve next year, replacing current Chairwoman Janet Yellen.
Back home, the dealer said stronger ringgit versus US dollar managed to attract foreign participation in Bursa despite the key index closed at a nine-month low yesterday.
On the scoreboard, the FBM Emas Index gained 13.52 points to 12,377.42, the FBMT 100 Index perked 12.44 points to 12,034.93, FBM Emas Shariah Index increased 15.73 points to 12,858.45, the FBM 70 advanced 42.83 points to 15,338.97, and the FBM Ace bagged 27.67 points to 6,365.
Sector-wise, the Finance Index rose 9.37 points to 15,908.01, but the Industrial Index slipped 0.1 of-a-point to 3,101.25, while the Plantation Index shed 0.9 of-a-point to 7,867.98.
Among heavyweights, Tenaga and CIMB added two sen each to RM15.00 and RM5.95, respectively, while Maybank, Sime Darby and Petronas Chemicals were all flat at RM9.20, RM8.94 and RM7.38, respectively.
Public Bank, however, eased two sen to RM20.26.
Among actives, KNM Group was flat at 24 sen, while both Hubline and Berjaya Corp inched up half-a-sen each to 11.5 and 38 sen, respectively. ― Bernama
