Bursa Malaysia opened mixed today, supported by buying interest in selected consumer products and services, as well as healthcare counters, amid weak sentiment in the Asian market.
Bernama reported that at 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) market index rose 8.49 points to 1,589.11 from 1,580.62 when it closed on Wednesday.
The index opened 16.54 points high at 1,597.16.
In the overall market, losers outnumbered gainers by 409 to 261, while 348 counters were unchanged, 1,147 untraded and 62 others suspended.
Turnover stood at 819.264 million units worth RM894.58 million.
Malacca Securities in a note today said an increase in Wall Street overnight, in addition to the relaxation of the Movement Control Order (CPP) which allows all businesses to operate until 10pm will contribute a positive impact to the market, although the increased Covid-19 case could affect the economic recovery .
“The FBM KLCI surpassed the regional bourse when it closed moderately high on Wednesday following an announcement by the Ministry of Health on the supply of 18.4 million doses of Covid-19 vaccine by Pharmaniaga and Dpharma in March.
“We continue to select the consumer products and services sector to ensure revenue during the reporting season. In addition, traders can see the plantation counter due to soaring crude palm oil prices, while technology stocks are still on an uptrend but subject to profit-taking activities after rising sharply, ”he said.
Among heavyweights, Maybank rose 6.0 sen to RM7.93, TNB rose 4.0 sen to RM9.82, Top Glove added 62 sen to RM6.83, while Public Bank declined 6.0 sen to RM4.30 and Petronas Chemicals declined 3.0 sen. to RM6.82.
Out of active stock, P.A. Resources rose 1.0 sen to 21 sen, Vivocom added 5.5 sen to RM1.02, while AT Systematization and Luster Industries, rose half-a-sen to 17.5 sen and 19.5 sen, respectively.
On the index board, the FBM Emas Index jumped 33.50 points to 11,488.64, the FBMT 100 Index rose 38.69 points to 11,229.08, and the FBM Emas Shariah Index rose 68.71 points to 12,984.31.
FBM 70 declined 31.87 points to 14,769.52, while FBM ACE declined 5.77 points to 11,160.07.
By sector, the Financial Services Index declined 16.95 points to 14,729.29, the Plantation Index declined 9.96 points to 7,137.20 and the Industrial Products and Services Index decreased 1.55 points to 169.59.
