KL shares open higher

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KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher on Thursday, in tandem with the upbeat overnight performance of Wall Street, dealers said.

At 9.25am, the FBM KLCI stood at 1,659.67, up 3.17 points or 0.19 per cent, after opening better at 1,657.09, as traders started wading into selective blue chips.

Early leading movers in the composite index component stocks were Sime Darby which gained seven sen for RM8.06, Maybank which improved four sen to RM8.22 and Petronas Dagangan which advanced 38 sen to RM23.70.

Market breadth was positive with gainers outpacing decliners 253 to 138, while 222 counters were unchanged, 1,225 untraded and 14 others suspended.

Turnover stood at 566.17 million shares worth RM165.83 million.

On the scoreboards, the FBM Emas Index advanced 21.46 points to 11,576.78, the FBMT100 Index gained 20.14 points to 11,248.68, and the FBM Emas Shariah Index rose 26.49 points to 12,517.15.

The FBM 70 perked 18.06 points to 12,882.15 and the FBM Ace added 93.40 points to 6,687.25.

On a sectoral basis, the Industrial Index bagged 10.04 points to 3,284.43, the Finance Index improved 18.77 points to 14,025.24, while the Plantation Index trimmed 8.59 points to 7,471.59.

Actively traded stocks this morning included Instacom and its warrant (B), TMS, Hibiscus and China Automobile.

The physical price of gold as at 9.30am stood at RM145.89 per gramme, down three sen from RM146.19 at 5.00pm yesterday. – Bernama
Source: theSundaily.my Business