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KLCI Slightly Up In Early Trade Today

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KUALA LUMPUR: Share prices on Bursa Malaysia opened slightly higher today with buying in heavyweights such as Maybank and IHH Healthcare, with the underlying sentiment remaining bearish.

At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.44 points higher at 1,626.62 against Friday’s closing of 1,615.76.

It opened 0.75 point higher 1,624.93.

A dealer said the market was driven by gains in oil prices which are set to benefit Malaysia as a net exporter of oil.

On the broader market, gainers led losers 188 to 137, while 212 counters were unchanged, 1,190 untraded and 19 others suspended.

Turnover stood at 167.59 million shares worth RM95.73 million.

The FBM Emas Index rose 21.76 points to 11,378.55, the FBMT 100 Index expanded 21.76 points to 11,081.93 and the FBM Emas Shariah Index gained 14.33 points to 11941.63, but the FBM 70 fell 21.86 points to 12,831.59 and the FBM Ace was 22.49 points lower at 5,238.49.

Sector-wise, the Finance Index improved 29.50 points to 14,065.43, the Plantation Index added 15.09 points to 7,583.46 and the Industrial Index went up 10.46 points to 3,064.34.

Among heavyweights, Maybank and Digi increased 2.5 sen each to RM8.11 and RM4.67 respectively, Public Bank increased six sen to RM19.20 and IHH Healthcare was three sen higher at RM6.43.

Of the actives, Asia Media and Bumi Armada inched up half-a-sen to 11 sen and 7.5 sen respectively while Sapura Kencana and Connectcounty were one sen higher at 1.42 sen and 12 sen respectively, but Vivocom fell 0.5 sen to 13 sen.– BERNAMA

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