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BURSA MALAYSIA: KL Shares Open Lower, But Rise Thereafter

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KUALA LUMPUR, Jan 12 (Bernama) –Share prices opened marginally lower today but rebounded minutes later, after yesterday’s consistent selling, and lifted by gains in selected bluechips on renewed buying interest.

At 9.00 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.66 of-a-point weaker at 1,636.93, compared with yesterday’s close of 1,637.59, but rose thereafter.

At 9.18 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 9.74 points better at 1,647.33.

Market breadth was positive with gainers outpacing losers 254 to 104, with 194 counters unchanged, 1,169 untraded and 14 others suspended.

Turnover amounted to 1 96.5 million shares worth RM103.96 million.

Leading the top gainers list were British American Tobacco (+48 sen to RM55.38), Petron (+45 sen to RM7.30) and Lay Hong (+35 sen to RM7.10), while Malaysia Airports (-17 sen to RM5.42), Petronas Dagangan (-16 sen to RM23.74) and PPB Group (-10 sen to RM15.62) topped the losers’ list.

For the heavyweights, Maybank added 4.0 sen to RM8.36, TNB improved 6.0 sen to RM13.06 and Public Bank perked 10 sen to RM18.26.

Among actives, Tiger Synergy fell half-a-sen to 8.5 sen, Kim Teck added 1.5 sen to RM46 sen and Instacom gained half-a-sen to 28.5 sen.

On the scoreboard, the FBM Emas Index was 51.97 points better at 11,546.63, the FBMT100 Index increased 50.94 points to 11,212.45, and the FBM Emas Shariah Index rose 49.30 points to 12,524.72.

The FBM Ace improved 51.87 points to 6,282.86 and the FBM 70 was 4.05 points higher at 13,012.58.

On a sectoral basis, the Finance Index increased 74.47 points to 13,845.14, the Plantation Index rose 25.81 points to 7,590.69 and the Industrial Index advanced 16.82 points to 3,188.36.

— BERNAMA

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