BURSA MALAYSIA OPENS MARGINALLY HIGHER
Bursa Malaysia opened marginally higher, in cautious mode, ahead of US President Donald Trump's speech to a joint session of Congress later today.
At 9.05 am, the FBM KLCI stood at 1,695.04, up 1.27 points, from 1,693.77 recorded at Tuesday's close. The index opened 0.87 of-a-point higher at 1,694.64.
Market breadth was negative with losers leading gainers 141 to 129 while 179 counters remained unchanged, 1247 untraded and 15 others were suspended.
Turnover stood at 169.92 million shares worth RM59.42 million.
TA Securities said the local market would extend sideways, pending details on major policy initiatives to be announced by the US President.
Of heavyweights, Public Bank shed two sen to RM19.94 while Maybank, TNB, Sime Darby and Petronas Chemicals were flat at RM8.60, RN13.54, RM8.96 and RM7.25, respectively.
Among actives, Dagang Nexchange warrant added half-a-sen to 14.5 sen, Bumi Armada shed five sen to 67.5 sen, Vivocom eased 1.5 sen to 16 sen while Dagang Nexchange and Borneo Oil were flat at 39.5 sen and 17 sen, respectively.
The FBM Emas Index was 1.33 points higher at 11,951.61, FBM Emas Shariah Index added 7.36 points to 12,395.11, the FBMT100 Index improved 1.31 points to 11,642.80 but the FBM Ace decreased 65.37 points to 5,181.05 and the FBM 70 fell 26.64 points to 13,909.45.
On a sectoral basis, the Finance Index increased 28.95 points to 15,055.29, the Industrial Index edged up 2.64 points to 3,234.50, however, the plantation Index reduced 31.64 points to 8,050.68.
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