Bursa Malaysia opens marginally higher

KUALA LUMPUR: Bursa Malaysia opened marginally higher this morning, with weak buying momentum and cautious sentiment prevailing ahead of tomorrow's meeting of the Organisation of Petroleum Exporting Countries (Opec).

At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,629.32 points, up 0.66 of a point from Monday's close of 1,628.66.

The index opened 1.31 points higher at 1,629.97.

On the broader market, losers led gainers 101 to 82, with 134 counters unchanged, 1,401 untraded and 58 others suspended.

Turnover stood at 66.49 million shares worth RM25.10 million.

TA Securities said given the lack of buying momentum and Opec scenario, investors are likely to stay on the sidelines.

"The FBM KLCI's immediate resistance level stays at 1,643, with support at 1,616," it added.

Among heavyweights on Bursa, TNB shed two sen to RM14.12, Public Bank bagged four sen to RM19.58, Petronas Chemicals gained three sen to RM6.82, while Maybank and Sime Darby were flat at RM7.75 and RM8.16 respectively.

Of the actives, Digistar warrant slid 1.5 sen to four sen, Censof warrant eased half-a-sen to six sen, Melewar Industrial shed 9.5 sen to 43 sen, Digistar Corporation slid two sen to 16.5 sen, while Green Packet was flat at 27.5 sen.

The FBM Emas Index fell 1.14 points to 11,402.97, the FBMT100 Index eased 0.37 of a point at 11,129.48 and the FBM Emas Syariah Index narrowed 4.91 points to 11,955.20.

The FBM 70 was 18.18 points lower at 13,059.91 and the FBM Ace reduced fell points to 4,837.85.

Sector-wise, the Plantation Index was 13.20 points higher at 7,680.30, the Finance Index gained 2.21 points to 14,168.32, and the Industrial Index improved 3.85 points to 3,092.68.

The physical price of gold as at 9.30am stood at RM165.25 per gramme, down 46 sen from RM165.71 at 5pm yesterday. — Bernama