Reflecting Wall Street's positive rebound, Bursa Malaysia opened higher than yesterday's losses.
Commenting on Rakuten Trade Sdn Bhd, there may be buying activity on banking or technology stocks with the index expected to hover in the 1,405-1,420 range today despite the still negative sentiment.
As a result, the FTSE KLCI index (FBM KLCI) was up 6.63 points at 1,408.52 from Wednesday's close at 1,401.89 with a strong opening of 5.5 points at 1,407.39.
In the broader market, gains at 260 offset losses at 56, while 157 counters were unchanged, 1,928 untraded and 57 suspended.
Total revenue at 123.66 million units worth RM57.47 million.
Heavyweight stocks saw Public Bank Bhd reach 2 sen at RM4.28, Petronas Chemicals Group Bhd up 4 sen at RM8.41, CIMB Group Holdings Bhd and IHH Healthcare Bhd advanced 6 sen at RM5.17 and RM5.99 while Maybank) remained unchanged at RM8.56 and Hong Leong Bank Bhd flat at RM20.44.
Active stocks showed PT Resources Holdings Bhd up 2 sen at 43.5 sen, Top Glove Corp Bhd gained 1.5 sen at 60.5 sen, Tanco Holdings Bhd rose 1 sen at 30.5 sen while Sapura Energy Bhd, Velesto Energy Bhd and SNS Network Technology Bhd were up 4 sen. , 11.5 cents and 27 cents.
On the index board, FBM Emas Index gained 53.3 points at 10,062.75, FBM 70 collected 88.48 points at 12,255.13, FBMT 100 Index reached 52.07 points at 9,812.58, FBM Emas Shariah Index jumped 50.63 points at 10,124.4 and FBM ACE added 31.54 points at 4,687.44
In terms of sectors, the Energy index was up 11.69 points at 682.01, the Plantation index rose 46.91 points at 6,505.99, the Financial Services index advanced 67.04 points at 15,990.66 and the Products and Services index jumped 1.43 points at 171.58.
