KUALA LUMPUR: Bursa Malaysia opened higher on Wednesday buoyed by the general sentiment within the in a single day positive US fairness market.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) elevated 1.62 factors to 1,607.75 versus 1,606.13 at Tuesday’s shut.
The FBM KLCI opened 2.34 factors higher at 1,608.47.
Gainers led decliners 259 to 234, whereas 325 counters had been unchanged, 1,583 untraded, and 9 others suspended.
Turnover totalled 360.24 million models value RM158.78 million.
Malacca Securities Sdn Bhd stated US retail gross sales got here in beneath expectation and the market might be pushing for an rate of interest minimize anytime within the second half of 2024 (2H24).
It additionally famous that Wall Street ended higher with Nasdaq nonetheless main and that Nvidia has displaced Microsoft and Apple as the most important market-cap firm, making it probably the most beneficial public firm within the US.
On the technical entrance, it stated the important thing index was combined with resistance anticipated round 1,620-1,625 and help set at 1,585-1,590, stated the brokerage agency in a analysis notice as we speak.
On the native bourse, heavyweights YTL Corporation recovered 7.0 sen to RM3.57, Petronas Chemicals Group rose 5.0 sen to RM6.56, CelcomDigi and Axiata elevated 3.0 sen every to RM3.75 and RM2.78, respectively, and Maybank added 2.0 sen to RM9.95.
In the highest gainers listing, PPB Group appreciated 12 sen to RM14.62, PIE grew 10 sen to RM6.85, AEON Credit Service perked up 9.0 sen to RM7.79 and Heitech Padu gained 8.0 sen to RM2.02.
Among probably the most energetic counters, Ingenieur was flat at 7.0 sen, ATA IMS fell 3.5 sen to 48 sen, KTI Landmark eased half-a-sen to 29.5 sen, Ho Wah Genting was 3.5 sen higher at 32.5 sen and WCT put on 4.0 sen to 79.5 sen.
On the index board, the FBM Emas Index elevated 7.48 factors to 12,372.62, the FBMT 100 Index gained 6.88 factors to 11,940.00, and the FBM Emas Shariah Index perked up 4.97 factors to 12,744.34.
The FBM 70 Index nevertheless slid 10.57 factors to 18,094.64 however the FBM ACE Index rose 8.16 factors to five,857.43.
Sector-wise, the Financial Services Index declined 1.77 factors to 17,517.92, the Industrial Products and Services Index trimmed 0.09 of-a-point to 199.58, the Energy Index dropped 1.91 factors to 986.43, and the Plantation Index was 3.23 factors decrease at 7,027.24.
