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Bursa Malaysia: Bursa Malaysia Opens Higher

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KUALA LUMPUR:Bursa Malaysia opened higher Wednesday in tandem with other Asian bourses, lifted by positive sentiment arising from the bullish Wall Street which anticipated the US Federal Reserve to increase its interest rate increase, dealers said.

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.90 points to 1,637.74 compared with yesterday’s close of 1,622.84.

Market breadth was positive with gainers leading losers by 211 to 40, with 114 counters unchanged, 1,384 untraded and 11 others suspended.

Turnover stood at 84.90 million shares worth RM50.20 million.

Of the heavyweights, Maybank rose five sen to RM8.23, TNB soared 20 sen to RM13.02, Public Bank gained 12 sen to RM18.36 while Petronas was four sen better at RM6.84.

Among actives, The Media Shoppe and EA Holdings inched up by half-a-sen each to nine sen and 11.5 sen, respectively, VS Industry gained five sen to RM1.62 while Instacom was flat at 27 sen.

On the scoreboard, the FBM Emas Index rose 96.06 points to 11,436.15, FBMT100 Index gained 94.12 points to 11,112.06 and the FBM Emas Shariah Index advanced 109.43 points to 12,337.51.

The FBM Ace improved 37.02 points to 6,278.99 and the FBM 70 increased 89.20 points to 12,776.67.

On a sectoral basis, the Finance Index gained 86.27 points to 13,996.85, Industrial Index inched up 28.09 points to 3,186.04 and the Plantation Index was 44.31 points higher at 7,341.83.

— BERNAMA

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