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BURSA MALAYSIA: Bursa Opens Higher

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KUALA LUMPUR: Bursa Malaysia opened higher this morning following Barisan Nasional’s (BN) victory in the 11th Sarawak state election and in tracking the upbeat performance of Wall Street on Friday, dealers said.

At 9.08 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.84 points higher at 1,651.20 from Friday’s close of 1,649.36.

At the opening bell, it had opened lower at 1.99 points to 1,647.37.

Market breadth was positive with gainers outnumbering losers 166 to 69, with 170 counters unchanged, 1,298 untraded and seven others suspended.

Turnover stood at 166.95 million shares worth RM51.92 million.

BN won 72 of the 82 seats in the state election which ended on Saturday.

Meanwhile, the Dow Jones Industrial Average ended 79.92 points higher at 17,740.63 and the S&P 500 gained 6.51 points for 2,057.14 on Friday.

Among heavyweights on Bursa, Maybank gained three sen to RM8.70, TNB added two sen for RM14.16, while Public Bank, IHH Healthcare, Petronas Chemicals and Axiata were each flat at RM18.96, RM6.54, RM6.41 and RM5.49 respectively.

Of the actives, Vivocom and Flonic Hi-Tech each improved one sen to 34.5 sen and five sen respectively, as AirAsia X gained 15 sen to 37.5 sen.

The FBM Emas Index rose 12.31 points for 11,527.64, the FBMT100 Index increased 11.46 points to 11,219.44, and the FBM Emas Shariah Index was up 8.66 points to 12,065.21.

The FBM Ace soared 58.44 points to 5,728.65 and the FBM 70 perked 9.37 points at 12,950.46.

Sector-wise, the Plantation Index perked 2.79 points to 7,554.21 and the Finance Index was 18.45 points higher at 14,503.08.But, the Industrial Index shed 3.01 points to 3,133.72.


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