KUALA LUMPUR (July 6): Bursa Malaysia opened lower today but began to rise soon after on renewed buying interest.
At 9.05am, the benchmark FBM KLCI had risen 1.23 points to 1,533.59 from yesterday’s close at 1,532.36.
The market bellwether opened 0.44 of a point lower at 1,531.92.
On the broader market, gainers led losers 222 to 115, while 272 counters were unchanged, 1,563 untraded and eight others suspended.
Turnover stood at 286.43 million units valued at RM124.17 billion.
Malacca Securities said the local bourse may see bargain-hunting activities emerging, especially for most of the oversold counters.
Meanwhile, millions of Covid-19 vaccine doses are expected to arrive in Malaysia in July, which could see another breakthrough in the vaccination rate, while both crude palm oil (CPO) and oil prices extended their uptrend moves.
At the time of writing today, Brent crude was 0.32% higher at US$77.41 (about RM321.79) per barrel.
Among the heavyweights, Axiata Group Bhd rose three sen to RM3.83, Dialog Group Bhd advanced four sen to RM292, Genting Bhd climbed five sen to RM4.98, Genting Malaysia Bhd (GenM) and Tenaga Nasional Bhd (TNB) gained two sen each to RM2.85 and RM9.75 respectively, Malayan Banking Bhd (Maybank) and IHH Healthcare Bhd were flat at RM8.13 and RM5.62 respectively, and Public Bank Bhd eased one sen to RM4.11.
Of the actives, Serba Dinamik and Sapura Energy added half-a-sen each to 49 sen and 13.5 sen, respectively, while Sedania Innovator increased six sen to RM1.12, T7 Global gained three sen to 40.5 sen, and Kumpulan Jetson eased one sen to 54.5 sen.
On the index board, the FBM Emas Index was 14.32 points higher to 11,164.04, the FBMT 100 Index expanded 11.13 points to 10,869.12, and the FBM Emas Shariah Index improved by 22.72 points to 12,185.99.
The FBM ACE gained 71.28 points to 7,400.3, and the FBM 70 bagged 24.18 points to 14,421.06.
Sector-wise, the Financial Services Index fell 6.91 points to 15,110.11, the Industrial Products and Services Index inched up 0.03 of-a-point to 188.05, and the Plantation Index was 5.73 points higher at 6,387.3.-BERNAMA