Bursa opens slightly lower but rebounds thereafter
KUALA LUMPUR: Bursa Malaysia opened slightly lower today but rebounded thereafter, lifted by buying interests in selected heavyweights and lower-liners.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,764.98, up 1.31 points from Friday's close of 1,763.67.
The key index opened 1.94 points easier at 1,761.73.
A dealer said the positive growth seen from Malaysia's Producer Price Index (PPI) data released by the Department of Statistics last Friday, however, did little to spur movements on Bursa Malaysia.
The PPI for local production increased eight per cent for May 2017 compared to the same month of last year, but decreased by 0.2 per cent compared to the previous month.
On the broader market, gainers led losers by 121 to 60 while 189 counters remained unchanged with 1,404 untraded and 22 others were suspended.
Turnover stood at 64.45 million shares worth RM28.68 million.
Of the heavyweights, Maybank, Public Bank and Sime Darby were flat at RM9.63, RM20.32 and RM9.50, respectively.
TNB decreased four sen to RM14.10 and CIMB fell two sen to RM6.56.
Petronas Chemicals rose four sen to RM7.14, IHH added one sen to RM5.76 and Maxis gained three sen to RM5.58.
Among actives, Tiger Synergy increased half-a-sen to seven sen, Hiap Teck rose one sen to 39.5 sen and Kronologi Asia was two sen higher to 58.5 sen.
MMAG declined half-a-sen to five sen.
On the scoreboard, the FBMT100 Index gained 13.10 points to 12,247.99, FBM Ace expanded 15.57 points to 6,509.27, FBM Emas Index rose 15.18 points to 12,614.12, FBM Emas Syariah Index gained 19.54 points to 12,841.690 and the FBM 70 soared 31.15 points to 15,104.98.
Sector-wise, the Plantation Index was 7.08 points higher at 7,920.28, the Industrial Index narrowed 4.50 points to 3,266.06 while the Finance Index rose 11.01 points to 16,777.19.
Gold futures contracts on Bursa Malaysia Derivatives were untraded in early session.
As at 9.37 am, July 2017, August 2017, September 2017 and October 2017 were pegged at RM172.20 a gramme, RM172.70, RM172.85 and RM173.50, respectively.
Turnover was nil while open interest amounted to 198 contracts.
At 9.30am, physical gold was down 86 sen at RM166.50 per gramme. — Bernama