KL shares open higher

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher on Friday, in tandem with regional markets and upbeat overnight performance on Wall Street, dealers said.

At 9.05am, the key index stood at 1,876.64, up 1.83 points, after opening higher at 1,876.22, bolstered by gains seen in finance-linked companies.

However, HLIB Research said the ongoing profit taking correction on lower liners and penny stocks could dampen broader market sentiment and cap further KLCI appreciation in the near-term.

On the scoreboard, the Finance Index rose 13.61 points to 17,489.189, the Industrial Index gained 0.76 of a point to 3,270.14 and the Plantation Index appreciated 10.62 points to 8,707.53.

The FBM Emas Index edged up 15.56 points to 13,114.24, FBMT100 Index increased 12.72 points to 12,677.2, FBM 70 climbed 15.78 points to 14,369.17 and the FBM Ace advanced 20.75 points to 7,093.45.

Gainers led losers 168 to 49 while 1,428 counters unchanged.

Turnover stood at 185.2 lots million shares worth RM74.9 million.

Heavyweights, Maybank was two sen higher at RM10.08, Public Bank gained four sen to RM19.38 and CIMB Group appreciated seven sen to RM7.19.

Tenaga and Axiata were flat at RM12.44 and RM6.95, respectively.

Among actives, Sumatec and PDZ both added two sen to 54.5 sen and 38 sen while Talam Transform perked one sen to 14 sen.-- Bernama