Share prices on Bursa Malaysia opened firmer today on technical rebound after tumbling in the final few minutes of trading on Friday for a daily loss of eight points.
Nineteen minutes after the opening bell, the FBM KLCI stood at 1,577.32, up 5.92 points. It had opened 2.9 points higher at 1,574.3. HwangDBS Vickers Research said there was no strong market lead coming in from abroad last week.
"Major US equity indices were little changed on Friday as Wall Street was in a consolidation mode," it said in a research note.
The global forecast for the Asian markets is flat with a hint of negativity in response to weaker-than-expected economic data from the US.
On Bursa Malaysia, the Finance Index advanced 47.53 points to 14,240.18, the Plantation Index added 6.24 points to 8,582.43 and the Industrial Index up 15.24 points to 2,830.97.
The FBM Emas Index climbed 37.6 points to 10,883.43, the FBM Mid 70 Index surged 35.79 points to 12,181.4 and the FBM ACE Index edged up 20.48 points to 4,685.24.
Gainers outnumbered losers 162 to 59, while 134 counters were unchanged, 1,138 untraded and 21 suspended. Volume stood at 213.596 million worth RM55.49 million.
Among active counters, Ariantec Global earned two sen to 11.5 sen, Pan Malaysia added half a sen to 5.5 sen while Metronic Global eased half a sen to 12 sen.
For heavyweights, Maybank unchanged at RM8.81, Sime Darby earned four sen to RM9.79, CIMB rose three sen to RM7.69 and Petronas Chemicals increased two sen to RM6.78. -- Bernama
Nineteen minutes after the opening bell, the FBM KLCI stood at 1,577.32, up 5.92 points. It had opened 2.9 points higher at 1,574.3. HwangDBS Vickers Research said there was no strong market lead coming in from abroad last week.
"Major US equity indices were little changed on Friday as Wall Street was in a consolidation mode," it said in a research note.
The global forecast for the Asian markets is flat with a hint of negativity in response to weaker-than-expected economic data from the US.
On Bursa Malaysia, the Finance Index advanced 47.53 points to 14,240.18, the Plantation Index added 6.24 points to 8,582.43 and the Industrial Index up 15.24 points to 2,830.97.
The FBM Emas Index climbed 37.6 points to 10,883.43, the FBM Mid 70 Index surged 35.79 points to 12,181.4 and the FBM ACE Index edged up 20.48 points to 4,685.24.
Gainers outnumbered losers 162 to 59, while 134 counters were unchanged, 1,138 untraded and 21 suspended. Volume stood at 213.596 million worth RM55.49 million.
Among active counters, Ariantec Global earned two sen to 11.5 sen, Pan Malaysia added half a sen to 5.5 sen while Metronic Global eased half a sen to 12 sen.
For heavyweights, Maybank unchanged at RM8.81, Sime Darby earned four sen to RM9.79, CIMB rose three sen to RM7.69 and Petronas Chemicals increased two sen to RM6.78. -- Bernama
