Shares on Bursa Malaysia were traded higher in the early session Friday as investors seek for profits ahead of the long weekend for the Chinese New Year celebrations, dealers said.
After 10 minutes of trading, the underlying FBM KLCI rose 0.51 of a point to 1,517.32 against Thursday's 1,516.81 close.
It had opened 1.33 points higher at 1,518.14.
HwangDBS Vickers Research said the key FBM KLCI could hop a bit higher amid positive external sentiments on the last trading day in the year of the rabbit.
From a technical perspective, the benchmark index will likely pull away from the 1,515 support line and possibly climb towards 1,530 immediate resistance threshold, it said in a research note.
Investors' sentiments were also lifted by overnight gains on the Wall Street as encouraging earnings from the US banks and a drop in jobless claims boosted confidence.
Market breadth was positive with gainers outpacing losers 145 to 55 while 121 counters were unchanged, 1,165 untraded and 33 suspended. Turnover stood at 139.8 million shares worth RM38.1 million.
The Finance Index gained 5.85 points to 13,419.54, the Plantation Index added 3.38 points to 8,509.09 and the Industrial Index rose 4.05 points to 2,777.84. The FBM Emas added 7.66 points to 10,487.52, the FBM Mid 70 perked 23.10 points to 11,849.99 and the FBM Ace jumped 20.19 points to 4,357.45.
Volume leaders, Media Shoppe was up two sen to 12 sen, DBE Gurney-Warrants rose half a sen to eight sen while DBE Gurney was unchanged at 13.5 sen.
Among heavyweights, Maybank, Sime Darby and Petronas Chemicals slipped one sen each to RM8.19, RM9.09 and RM6.67, respectively, while CIMB was flat at RM7.11. -- BERNAMA
After 10 minutes of trading, the underlying FBM KLCI rose 0.51 of a point to 1,517.32 against Thursday's 1,516.81 close.
It had opened 1.33 points higher at 1,518.14.
HwangDBS Vickers Research said the key FBM KLCI could hop a bit higher amid positive external sentiments on the last trading day in the year of the rabbit.
From a technical perspective, the benchmark index will likely pull away from the 1,515 support line and possibly climb towards 1,530 immediate resistance threshold, it said in a research note.
Investors' sentiments were also lifted by overnight gains on the Wall Street as encouraging earnings from the US banks and a drop in jobless claims boosted confidence.
Market breadth was positive with gainers outpacing losers 145 to 55 while 121 counters were unchanged, 1,165 untraded and 33 suspended. Turnover stood at 139.8 million shares worth RM38.1 million.
The Finance Index gained 5.85 points to 13,419.54, the Plantation Index added 3.38 points to 8,509.09 and the Industrial Index rose 4.05 points to 2,777.84. The FBM Emas added 7.66 points to 10,487.52, the FBM Mid 70 perked 23.10 points to 11,849.99 and the FBM Ace jumped 20.19 points to 4,357.45.
Volume leaders, Media Shoppe was up two sen to 12 sen, DBE Gurney-Warrants rose half a sen to eight sen while DBE Gurney was unchanged at 13.5 sen.
Among heavyweights, Maybank, Sime Darby and Petronas Chemicals slipped one sen each to RM8.19, RM9.09 and RM6.67, respectively, while CIMB was flat at RM7.11. -- BERNAMA
