KUALA LUMPUR: Bursa Malaysia opened increased on Friday, in tandem with the principally increased regional friends regardless of the combined sentiment on Wall Street in a single day, stated an analyst.
In a observe at the moment, Malacca Securities Sdn Bhd expects the native market will commerce in a variety sure mode at the moment, monitoring the combined in a single day efficiency on Wall Street.
“For sector focus, with the stronger commodities costs reminiscent of Brent oil and gold costs, we consider the market may focus on the oil and fuel and gold-related sectors.
“The building and property sectors will probably be taking the lead in the close to time period with the revival of infrastructure tasks, increased investments in knowledge centres and restoration prospects in the property section,” it stated.
The stockbroking agency additionally stated that different sectors which will have short-term buying and selling concepts embody finance, expertise and packaging.
At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.92 factors to 1,533.52 from Wednesday’s shut of 1,530.60.
The benchmark index opened 1.51 factors increased at 1,532.11.
On the broader market, gainers led decliners 267 to 214 whereas 373 counters have been unchanged, 1,466 untraded and 55 others suspended.
Turnover amounted to 351.37 million models value RM165.59 million.
Among the heavyweight counters, Maybank and Public Bank have been flat at RM9.65 and RM4.21 respectively, CIMB Group added 9.0 sen to RM6.64, whereas Tenaga Nasional weakened 4.0 sen to RM11.20 and Petronas Chemicals slid 5.0 sen to RM6.74.
Among the actives, MMAG Holdings gained 1.0 sen to 18.5 sen, Ingenieur Gudang, Eduspec Holdings and Destini have been all flat at 16.0 sen, 14.0 sen and three.5 sen respectively, whereas VS Industry dropped 3.0 sen to 80.5 sen.
On the index board, the FBM Emas Index edged up 19.43 factors to 11,545.41, and the FBMT 100 Index elevated by 19.02 factors to 11,191.56, and the FBM Emas Shariah Index gained 8.92 factors to 11,622.36.
The FBM 70 Index rose by 17.89 factors to 16,166.04 and the FBM ACE Index climbed 19.83 factors to 4,862.56.
Sector-wise, the Industrial Products and Services Index shed 0.09 of-a-point to 179.45, the Financial Services Index improved by 36.78 factors to 17,218.90, the Plantation Index went up 7.54 factors to 7,306.10, and the Energy Index superior 5.32 factors to 948.31.
Bursa Malaysia Bhd and its subsidiaries have been closed yesterday in conjunction with Nuzul Al-Quran.
