Bursa Malaysia Opens Higher Tracking Wall Street Cues
By K. Naveen Prabu & Danni Haizal Danial Donald
KUALA LUMPUR, Oct 27 (Bernama) -- Bursa Malaysia opened higher on Tuesday, tracking firmer overnight Wall Street performance.
At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.15 points, or 0.45 per cent, to 1,611.51 from Monday’s close of 1,604.36.
The benchmark index opened 2.98 points higher at 1,607.34.
Across the broader market, gainers edged out losers 320 to 83, while 224 counters were unchanged, 2,266 untraded, and 52 suspended.
Turnover stood at 170.67 million units worth RM82.40 million.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street rebounded to close higher as traders looked ahead to a slew of corporate earnings reports over the next few days.
“On the domestic front, the FBM KLCI declined amid continued foreign selling.
“Buying interest remained weak as crude oil prices stayed elevated at US$115 per barrel. In the absence of fresh catalysts, we expect the index to trade within a narrow range of 1,600 to 1,610 today,” he told Bernama.
Among the heavyweight stocks, Maybank and CIMB added six sen each to RM10.04 and RM7.16, respectively. Public Bank rose three sen to RM4.76, Tenaga Nasional was two sen higher at RM13.30, and IHH Healthcare gained one sen to RM7.85.
In active trade, Dataprep and Matang were flat at 4.5 sen and seven sen, respectively. Axteria gained 1.5 sen to 21 sen. V.S Industry added one sen to 34.5 sen, while Zetrix AI eased half a sen to seven sen.
Malaysian Pacific Industries led the top gainers, adding 50 sen to RM41.08, while ViTrox Corporation added 22 sen to RM10.94. UMS Integration rose 20 sen to RM7.40, and Hong Leong Bank went up 18 sen to RM21.38. Pentamaster Corporation was 17 sen higher at RM5.79.
Among the top losers, Kuala Lumpur Kepong lost 20 sen to RM20.20, while Coastal Contracts declined five sen to RM1.65. Binastra Corporation, Peterlabs and Kerjaya Prospek were all three sen lower at RM2.62, 23 sen, and RM3.41, respectively.
On the index board, the FBM Emas Index increased 55.22 points to 12,032.22, while the FBM Top 100 Index rose 53.80 points to 11,828.74.
The FBM Mid 70 Index gained 84.27 points to 17,347.81, the FBM Emas Shariah Index was 41.25 points higher at 12,016.04, and the FBM ACE Index went up 37.09 points to 5,430.75.
Sector-wise, the Industrial Products and Services Index edged up 0.70 of a point to 176.11, and the Energy Index increased 4.18 points to 852.91, while the Financial Services Index jumped 106.60 points to 18,680.46, and the Plantation Index improved 6.18 points to 8,630.15.
-- BERNAMA