KL shares open higher

KUALA LUMPUR: Share prices on Bursa Malaysia opened higher, tracking gains on Wall Street, and positive regional and global sentiment, dealers said.

Investors were expected to stay cautious ahead of the Federal Reserve Chair Janet Yellen's address later today for clues on the US economy.

At 9.26am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.04 points higher at 1,884.16 after opening at 1,879.01.

On the scoreboard, the Finance Index eased 1.48 points to 17,209.65, the Plantation Index advanced 38.17 points to 9,232.4 and the Industrial Index added 9.52 points to 3,248.1.

The FBM Emas Index edged up 23.66 points to 13,053.34, the FBMT100 Index firmed 23.41 points to 12,681.25, the FBM Ace rose 5.54 points to 6,702.64 while the FBM 70 decreased 14.46 points to 14,193.73.

Market breadth was positive as gainers outpaced losers 197 to 127 and 1,313 counters were unchanged.

Turnover stood at 232 million shares worth RM122 million.

Among actives, Econ Bhd edged up one sen to 78 sen while CSL lost 2.5 sen to nine sen and Minetech was flat at 15 sen.

Heavyweights, Maybank eased to RM9.83, Public Bank dropped two sen to RM19.70 and TNB climbed 12 sen to RM12.32.-- Bernama