KL shares open higher on mild buying

KUALA LUMPUR: Share prices on Bursa Malaysia opened higher on mild buying, however, gains were capped due to lack of fresh buying catalyst.
At 9.21 am, the benchmark FTSE Bursa Malaysia KLCI stood at 1,816.42 points, 3.05 points higher, after opening 2.15 points better at 1,815.52 points.
HLIB Research said the benchmark index would likely extend its range bound consolidation mode within 1,770 points and 1,830 points, given the lack of fresh catalyst.
"Overall, many investors are likely to refrain from making big bets amid nagging concerns over potential earnings disappointment in 2015," it said in a note.
On the scoreboard, the FBM Emas Index rose 12.11 points to 12,470.77 points and the FBMT100 added 12.84 points to 12,160.58 points.
On a sectoral basis, the Finance Index jumped 41.31 points to 16,121.87 points, the Plantation Index was up 12.87 points to 7,796.87 points and the Industrial Index gained 16.66 points to 3,362.57 points.
Gainers led losers 170 to 123 while 185 counters were unchanged, 1,309 were untraded and 28 were suspended.
Turnover stood at 204.14 million shares worth RM82.38 million.
Among actives, Berjaya Corporation added 3.0 sen to 47 sen while Ingenuity was flat at 8.0 sen.
Of heavyweights, Maybank rose 5.0 sen to RM9.26 while Tenaga and Public Bank were up 2.0 sen each at RM14.22 and RM18.68, respectively.
The physical price of gold as at 9.30am stood at RM137.72 per gramme, up 38 sen from RM137.34 at 5pm last Friday. – Bernama