KUALA LUMPUR, Feb 22 (Bernama) -- Bursa Malaysia opened slightly higher
today, tracking the overnight gains on Wall Street amid improved crude oil
prices.
At 9.05 am, the KLCI stood at 1,707.62, up 1.07 points from Tuesday's close
of 1,706.55.
The index opened 2.14 points higher at 1,708.69 at 9 am.
Market breadth was positive with gainers leading losers by 184 to 78, while
181 counters were unchanged, 1,285 untraded and 21 others were suspended.
Turnover stood at 152.36 million shares worth RM62.01 million.
In a note, Public Investment Bank Bhd said, the KLCI opened higher today
after US stocks climbed to record highs overnight amid an improved US dollar as
a wave of optimism about the prospects for global growth swept through the
markets.
"On Wall Street, the overnight Dow Jones Industrial Average rose 118.95
points to 20,743, marking the eighth straight session of closing records for the
blue-chip average," it said.
Meanwhile, US oil prices were reportedly held near seven-week highs today
after the Organisation of the Petroleum Exporting Countries was upbeat on
oil production cut.
Of the heavyweights, Maybank and Petronas Chemicals both added four sen each
to RM8.44 and RM7.37, respectively, while Maxis and CIMB inched up one sen each
to RM6.46 and RM5.09, respectively.
Among actives, Vivocom and its warrant improved half-a-sen each to 18.5 sen
and 8.5 sen, respectively, Hibiscus Petroleum gained one sen to 52 sen and Hiap
Huat rose 1.5 sen to 10 sen.
The FBM Emas Index increased by 9.51 points to 12,036.47, FBM Emas Shariah
Index bagged 7.52 points to 12,527.65 and the FBMT100 Index garnered 6.88 points
to 11,713.21.
The FBM 70 rose 6.37 points to 13,932.96 and the FBM Ace perked 25.16 points
to 5,405.56.
On a sectoral basis, the Finance Index jumped 26.28 points to 15,091.55 and
the Industrial Index advanced 2.55 points to 3,281.24.
The Plantation Index, however, was 0.87-of-a-point lower at 8,005.08.
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