Shares on Bursa Malaysia open higher

KUALA LUMPUR: Bursa Malaysia opened higher today on the back of improved investor sentiment.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,753.28, up 3.87 points, from Monday's close of 1,749.41.

Earlier, the index opened 0.01 of-a-point higher at 1,749.42.

On the broader market, gainers outpaced decliners by 220 to 81 with 222 counters unchanged, 1,199 untraded and 16 others were suspended.

Turnover stood at 286.79 million shares worth RM92.72 million.

In a note, Kenanga Research said, the benchmark index continued to rise on the back of improved investor sentiment, which saw stronger foreign fund inflows over the past few days.

"If the FBM KLCI manages to swiftly recapture the 1,750-level, it could ride on the recent strong momentum towards 1,760," it added.

Among heavyweights, Maybank added seven sen to RM8.97 and TNB rose two sen to RM13.74. Public Bank fell 20 sen to RM19.94 and Sime Darby eased three sen to RM9.27.

Of the actively-traded stocks, Managepay Systems was up six sen to 29.5 sen, Luster Industries gained half-a-sen to 13 sen, PUC Founder added two sen to 17.5 sen and Trive Property inched up 1.5 sen to 16.5 sen.

The FBM Emas Index increased 24.63 points to 12,393.37, FBMT 100 Index was 22.63 points higher at 12,046.22 and the FBM Emas Syariah Index added 33.26 points to 12,785.51.

The FBM 70 was higher by 12.04 points to 14,404.34 and the FBM Ace improved 77.76 points to 5,689.64.

Sector-wise, the Plantation Index advanced 43.83 points to 8,247.25 and the Finance Index added 18.47 points to 15,807.69.

The Industrial Index lost 2.65 points to 3,276.32.

The physical price of gold as at 9.30am stood at RM169.59 per gramme, down one sen from RM169.60 at 5pm yesterday. — Bernama