KL shares open higher

KUALA LUMPUR: Shares on Bursa Malaysia opened higher lifted by buying support in selected blue chips.
At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,690.85, up 8.95 points, after opening 6.13 points higher at 1,688.03.
RHB Research maintained its short-term bearish outlook for the key barometer.
"For now, the immediate resistance level is seen at 1,695 points. If a decisive breakout arises, we anticipate the next resistance level at 1,725 points," the research house said.
The FBM Emas Index increased 67.88 points to 11,595.48, the FBMT100 Index gained 63.47 points to 11,352.01, the FBM Ace rose 108.27 points to 5,371.21, the FBM Emas Syariah Index improved 68.25 points to 11,948.52 and the FBM 70 advanced 83.78 points to 12,601.04.
Sector-wise, the Plantation Index garnered 22.3 points to 7,421.96, however, the Industrial Index was 14.03 points lower at 3,029.92 and the Finance Index added 122.29 points to 15,104.77.
Market breadth was positive with gainers leading losers 289 to 42 while 97 counters were unchanged, 1,296 untraded and 16 others suspended.
Turnover stood at 185.05 million shares worth RM72.34 million. Among heavyweights, Maybank improved ten sen to RM8.54, TNB perked 24 sen to RM13.38, Public Bank improved four sen to RM17.66, Axiata added two sen to RM6.82 and Sime Darby expanded three sen to RM8.85.
For actives, Sumatec and DPS were both up one sen each at 24 sen and nine sen, respectively, Metronic Global gained half-a-sen to 8.5 sen, Systech perked 1.5 sen to 20.5 sen but Asia Media was flat at five sen.
The physical price of gold as at 9.30am stood at RM129.05, down 91 sen from RM129.96 at 5pm yesterday. – Bernama