KUALA LUMPUR, Jan 15 — Bursa Malaysia rebounded to start the week higher, after ending last week lower and on renewed buying sentiment in selected heavyweights, dealers said.
A dealer said the higher start was also in line with most regional markets.
At 9.25am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,825.16, up 2.49 points, from last Friday’s close of 1,822.67, while opening 2.57 points better at 1,825.24.
Overall market breadth was positive with gainers beating losers 357 to 206, while 296 counters were unchanged, 964 untraded and 21 others suspended.
Turnover stood at 844.68 million shares worth RM341.52 million.
Public Investment Bank Bhd said the local bourse was higher today after the Euro hit a three— year high against the dollar at the end of a week dominated by turbulence in the currency and bond markets, as participants moved to reprice the outlook for global central bank policy.
“Treasuries ended the week on a softer note after data showed that core US inflation was growing at the fastest pace for nearly a year,” it said in a research note today.
Among heavyweights, Maybank and TNB were flat at RM9.85 and RM15.78 respectively, while Public Bank rose four sen to RM20.92 and Petronas Chemicals advanced two sen to RM8.10.
Of the actives, Sumatec went up 1.5 sen to 8.5 sen, UMW Oil & Gas earned half-a-sen to 42.5 sen, while Trive Property and Hubline were flat at five sen and 15.5 sen respectively.
The FBM Emas Index was 25.99 points higher at 13,248.59, the FBMT 100 Index added 22.14 points to 12,884.80 and the FBM 70 gained 43.95 points to 16,671.11.
The FBM Emas Shariah Index improved 30.65 points to 13,737.98 and the FBM Ace perked 7.21 points to 6,912.99.
Sector-wise, the Finance Index rose 20.53 points to 17,231.44 and the Plantation Index climbed 14.34 points to 8,152.16, while the Industrial Index was up 9.70 points to 3,409.24. — Bernama
