Bursa higher on positive sentiments

KUALA LUMPUR, April 11 — Bursa Malaysia extended gains from yesterday to open higher this morning, thanks to the buoyant market sentiment.

At 9.06 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.38 points better at 1,864.36 from yesterday's closing of 1,860.98.

The index had opened 2.32 points higher at 1,863.3.

Gainers trounced losers 345 to 55, while 169 counters were unchanged, 1,313 untraded and 23 others suspended.

Volume stood at 272.22 million units valued at RM103.87 million.

A dealer said positive comments by Chinese President Xi Jinping helped subside tensions and lift market appetite in the face of fears of a US-China trade war.

Buying momentum in small capitalisation stocks remained higher, with the FBMSCAP index climbing 187.11 points to 15,024.61.

Among heavyweights, Public Bank rose four sen to RM24.00, Tenaga gained 10 sen to RM16.00, CIMB bagged two sen for RM7.06, while both Maybank and Petronas Chemicals were unchanged at RM10.48 and RM8.45 respectively.

For actives, SKH Consortium inched up half-a-sen to 10 sen, Sino perked 1.5 sen to 44 sen and Sapura Energy earned two sen to 55.5 sen.

The FBM Emas Index was 50.82 points higher at 13,096.37, the FBMT 100 Index earned 40.72 points to 12,890.8, the FBM 70 advanced 109.04 points to 15,773.79, the FBM Emas Shariah Index improved 59.19 points to 13,356.89 and the FBM Ace increased 31.13 points to 5,536.8.

Sectorwise, the Finance Index rose 32.77 points to 18,133.28, the Industrial Index gained 19.65 points to 3,249.26, but the Plantation Index lost 31.62 points to 8,069.37. — Bernama

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