KL shares up slightly at opening
KUALA LUMPUR, Aug 14 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher today despite a decline in Wall Street's overnight performance, said a dealer.
At 9.10am, the index was 3.44 points better at 1,625.06, after opening 2.29 points higher at 1,623.91.
Gainers led losers 140 to 94, with 148 counters unchanged, 1,418 untraded and 20 others suspended.
Turnover stood at 117.50 million shares worth RM39.73 million.
JF Apex Securities expects the KLCI to trade sideways and consolidate above the 1,600-points level today after the recent selldown and following the mixed performance of Wall Street and European markets.
It said US stocks pared gains and ended lower despite improved retail sales data and easing of concerns on China.
Meanwhile, European markets rose following optimism over Greece's third bailout and China's central bank's assurance of no further devaluation of the yuan, it added.
On the scoreboard, the FBM Emas Index rose 17.87 points to 11,148.01, the FBMT100 Index increased 18.47 points to 10,870.67, and the FBM Emas Syariah Index added 2.39 points to 11,554.64.
The FBM 70 was up 3.37 points to 11,924.42 and the FBM Ace appreciated 16.4 points to 5,640.56.
On a sectoral basis, the Finance Index jumped 104.72 points to 14,653.92, and the Industrial Index gained 10.17 points for 3,121.06. But the Plantation Index slipped 10.3 points to 7,052.44.
Among actives, Ingenuity Consolidated and LCTH Corp inched up half-a-sen to seven sen and 64.5 sen respectively, while IFCA MAS declined one sen to eight sen and Tiger Synergy edged down half-a-sen 9.5 sen.
Of the heavyweights, Maybank increased eight sen to RM8.68, Public Bank jumped 10 sen to RM18.40, TNB rose two sen to RM10.88 and Axiata depreciated three sen to RM5.88. — Bernama
