KL shares open higher

Share prices on Bursa Malaysia opened higher in early trading Monday as
investors took the cue from the favourable outcome of Greece's
elections, dealers said.

They said interest was seen mostly in
selected heavyweights, with the FTSE Bursa Malaysia KLCI (FBM KLCI)
gaining 8.68 points 10 minutes after the opening bell. The barometer
index closed at 1,576.61 on Friday.

HwangDBS Vickers Research
said global equities could recover parts of their losses this week as
investors heave signs of relief following Greece's election results
yesterday.

"The outcome, which saw pro-bailout political
parties winning adequate number of parliamentary seats to form a new
government, has essentially reduced the risk of a Greece euro exit," it
said.

On the local front, the research house said should the
benchmark index surge above the first resistance level of 1,580, it
reckons its upside potential would be limited at the next resistance
line of 1,610.

The Finance Index rose 54.51 points to 14,179.04,
the Plantation Index gained 35.79 points to 8,449.3 and the Industrial
Index advanced 27.73 points to 2,771.78.

The FBM Emas
Index surged 57.39 points to 10,840.22, the FBM Mid 70 Index was 51.29
points higher at 11,837 and the FBM ACE Index improved 26.49 points to
4,240.05.

Gainers led losers 177 to 37 while 117 counters were unchanged.

A total of 58.431 million lots worth RM100.2 million were transacted.

Actives, Maybank rose three sen to RM8.72, OSK-Ca added half sen to 15 sen and YTL Power International was flat at 1.66 sen.

Heavyweights Sime Darby added nine sen to RM9.89 while CIMB gained five sen to RM7.54. Bernama