KUALA LUMPUR, Feb 17 — Share prices on Bursa Malaysia opened higher this morning, extending itsvrecovery pattern, a dealer said.
As at 9:19 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,832.6, up 13.23 points, after opening 0.32 of a point higher at 1,819.69.
HwangDBS Vickers Research said the benchmark FBM KLCI could ride on the positive momentum and challenges with the immediate resistance barrier of 1,825 ahead.
It added that the local bourse also followed last Friday’s upbeat performance on Wall Street.
“Key US equity bellwethers rose between 0.1 per cent and 0.8 per cent at the closing bell as buying interest picked up amid better corporate earnings expectations,” it said in a research note today.
On the scoreboard, the Finance Index firmed 65.381 points to 16,618.5, the Industrial Index rose 26.14 points to 3,124.05 and the Plantation Index improved 44.12 points to 8,592.75.
The FBM Emas Index was up 75.92 points at 12,660.16, the FBMT100 Index climbed 73.14 points to 12,339.27, the FBM 70 rose 19.76 points to 13,831.12 and the FBM Ace added 60.939 points to 6,361.31.
Market breadth was positive, with gainers overcoming losers 283 to 86, while 202 counters were unchanged, 1,045 untraded and 18 others were suspended.
Turnover stood at 517.65 million shares worth RM194.88 million.
Among actives, PDZ lost 2.5 sen to 13 sen, Minetech climbed half-a-sen to 31 sen, Daya Materials gained one sen to 43.5 sen and Scomi earned 3.5 sen to 43 sen.
Talam was unchanged at seven sen.
As for heavyweights, Maybank lost one sen to RM9.78, TNB chalked-up 22 sen to RM12.22, CIMB climbed four sen to RM7.13, Axiata gained two sen to RM6.57 and Sime Darby earned three sen to RM9.03.
– BERNAMA
