Bursa opens higher on fresh interest

Share prices on Bursa Malaysia rebounded to open slightly higher on fresh buying interest, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) opened 0.26 of a point higher at 1,769.86 but slipped 0.81 of a point to 1,768.79 one minute later.

Gainers more than doubled losers 112 to 31, 83 counters were unchanged, 1,361 untraded and 14 others were suspended.

Turnover stood at 24.89 million shares worth RM14.73 million.

HwangDBS Vickers Research said taking the cue from the positive vibes in the US market, the benchmark index was expected to see an upward bias today but immediate resistance would remain at the 1,785 points level.

"Wallstreet avoided a three-day losing streak as the major indices closed 0.5-0.9 per cent higher yesterday.

"This could be mainly due to the anticipation of favorable figures from a major jobs report due to be released today," it said in a research note today.

On the scoreboard, the Finance Index added 28.1 points to 16,830.97, the Industrial Index shed 5.91 points to 3,017.25 while the Plantation Index gained 15.88 points to 8,344.38.

The FBM Emas Index rose 3.15 points to 12,336.45, the FBMT100 earned 0.17 of
a point to 12,095.67, the FBM Mid 70 Index climbed 23.09 points to 14,316.1 but
the FBM Ace Index fell 2.48 points to 4,616.11.

Among actives, Malaysia Airline and Sino Hua-An added one sen each to 33.5
and 20 sen, respectively, GPA Holdings earned half-a-sen to 8.5 sen and Benalec
Holdings rose two sen to RM1.51.

Heavyweights, Maybank and Axiata Group were both flat at RM10.28 and RM6.47,
respectively, CIMB added two sen to RM8.08 but Sime Darby erased 14 sen to
RM9.35. Bernama

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