BURSA opening: KL shares higher in early trade

BURSA opening: KL shares higher in early trade
BERNAMA

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KUALA LUMPUR, Tue.:

Shares prices on Bursa Malaysia were higher in early trading today on continuous buying interest in selected blue chips, particularly finance-related stocks, dealers said.

At 9.35am, the benchmark Kuala Lumpur Composite Index (KLCI) rose 18.08 points to 1,219.10 after opening 6.27 points higher at 1,207.29.

A dealer said the uptrend was also supported by gains on Wall Street overnight.

He said the Invest Malaysia conference was also expected to provide a boost to the market especially to blue chips as investors are awaiting positive news from companies at the conference,” he added.

The Industrial Index advanced 30.50 points to 2,523.54 while the Finance Index gained 112.88 points to 9,636.19.

The FBMEmas rose 117.89 points to 8,242.01, FBM30 jumped 132.09 points to 8,111.90, FBM2BRD added 24.92 points to 5,709.83 and FBMMesdaq increased 16.85 points to 4,700.04.

Advancers led decliners 282 to 53 while 107 counters were unchanged, 986 untraded and 25 suspended.

Volume stood at 141.767 million shares worth RM157.604 million.

PECD, topped the actives list, advancing 5.5 sen to 12.5 sen.

Other actives were Liqua declined four sen to 21 sen and ASB added two sen to 13.5 sen.

Of the heavyweights, Maybank rose 15 sen to RM8.90, Sime Darby gained 20 sen to RM9.20, Telekom added 10 sen to RM11.00 and Tenaga advanced 15 sen to RM7.00.