Reflecting the rebound on Wall Street, the local Stock Exchange saw a positive opening even though market sentiment was rated negative ahead of the FOMC meeting.
According to Malacca Securities Sdn Bhd, the local market is expected to be in uncertainty ahead of the interest rate hike by the FOMC in line with concerns in the United States (US).
Due to these factors, when Wall Street experiences a rebound, the local stock market is also positive.
As a result, the Exchange opened lower today with the FTSE KLCI (FBM KLCI) up 4.17 points at 1,455.69 from Monday's close of 1,451.52 with a strong opening of 2.90 points at 1,454.42.
In the broader market, gains at 214 offset losses at 84, while 194 counters were unchanged, 1,874 untraded and 9 suspended.
Total revenue at 130.26 million units worth RM66.25 million.
Heavyweight stocks saw Public Bank Bhd add 3 sen to RM4.48, CIMB Group Holdings Bhd gain 6 sen to RM5.48 and IHH Healthcare Bhd gain 1 sen to RM6.17 while Petronas Chemicals Group Bhd lost 1 sen to RM8.58 when Malayan Banking Bhd (Maybank) remained at RM8.63.
Active stocks showed AME Real Estate Investment Trust (REIT) up 5 sen at RM1.18, Orgabio Holdings Bhd up 0.5 sen at 37.5 sen, Top Glove Corp Bhd down 0.5 sen at 70 sen. Metronic Global Bhd and UMediC Group Bhd remained at 2 sen and 75.5 sen.
On the index board, FBM Emas index rose 36.97 points at 10,398.21, FBMT 100 collected 33.47 points at 10,136.92, FBM Emas Shariah added 30.54 points at 10,482.01, FBM 70 gained 59.22 points at 12,643.11 and FBM ACE gained 1.91 points at 4,761.31.
In terms of sectors, the Energy index rose 7.4 points at 730.88, the Plantation index reached 21.22 points at 6,895.15, the Financial Services index jumped 52.35 points at 16,421.97 and the Products and Services index added 0.58 points at 178.62.
Meanwhile, the ringgit rose against the dollar at 4.5470/5510 from 4.5495/5515 at Monday's close.
