kuala lumpur: Bursa Malaysia opened higher in line with Wall Street’s strong performance last night.
At 09:09 FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.76 points to 1,427.37 from yesterday’s close of 1,424.61.
The major index opened 0.18 points higher at 1,424.79.
Gainers outnumbered losers by a ratio of 201 to 87, resulting in a positive market spread. On the other hand, 214 counters remained unchanged, 1,774 counters were untraded and 73 counters were suspended.
Wall Street rose and the Dow Jones Industrial Average rose 0.4%, according to Malacca Securities Sdn Bhd. This was driven by a rise in tech giants that offset hawkish comments from the US Federal Reserve on the back of further monetary tightening.
Therefore, buoyed by Prime Minister Datuk Seri Anwar Ibrahim’s visit to China, the local stock exchange could rise further and we could see more investments in the future, he said.
Brokerages are also forecasting end-of-quarter window-dressing activity, with traders focusing on big names in banking, real estate and oil and gas.
Among Bursa Malaysia heavyweights, CelcomDigi rose 4 sen to RM4.34, Tenaga Nasional rose 6 sen to RM9.24, MR DIY and Sime Darby rose 2 sen each to RM1.55 and RM2. .18, with Axiata and Maxis up 3 cents. They are RM3.04 and RM4.13 respectively.
For Active, MyEG rose 3 sen to 76 sen, Pesona Metro rose 2.5 sen to 28 sen, Saudee fell 0.5 sen to 3.5 sen, and Meta Bright rose 1 sen to 12 sen. I became Sen.
On the index board, the FBM Emas Index increased by 22.46 points to 10,446.87, the FBMT 100 Index increased by 22.57 points to 10,141.85, and the FBM Emas Shariah Index increased by 28.95 points to 10,751.74.
The FBM 70 index increased by 42.37 points to 13,524.01 and the FBM ACE index increased by 10.52 points to 5,213.85.
By sector, the Financial Services Index fell 18.43 points to 15,748.31, the Industrial Goods and Services Index fell 0.05 points to 171.59, the Plantations Index rose 3.42 points to 6,733.90 and the Energy Index rose 4.64 points to 836.91. – Bernama