KL shares opens higher

KUALA LUMPUR: Share prices on Bursa Malaysia opened higher as traders took the queue from encouraging overnight trading on Wall Street, dealers said.
At 9.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.37 points better at 1,796.41 after opening 3.29 points higher at 1,798.33. A dealer said buying interest emerged as investors went on a bargain hunt after yesterday losses.
He added that news that the US Federal Reserve might delay its interest hike to the market's rise.. On the scoreboard, the FBM Emas Index added 12.33 points to 12,417.27, the FBMT100 Index increased 10.33 points to 12,091.05 and FBM 70 improved 15.62 points to 13,537.98.
The FBM Emas Syariah Index gained 12.33 points to 12,417.27 but the FBM Ace lost 16.85 points to 6,969.64.
On a sectoral basis, the Plantation Index appreciated 12.13 points to 7,522.92, the Finance Index firmed 23.17 points to 16,023.19 and the Industrial Index increased 3.83 points to 3,274.24.
Gainers led losers 117 to 68 with 992 counters unchanged, 652 untraded and 14 others were suspended. Turnover stood at 579.31 million shares worth RM429.54 million.
Among heavyweights, Sime Darby was up four sen at RM8.98 but Maybank was flat at RM9.25 and TNB was down two sen at RM13.98, Public Bank lost four sen to RM19.14 and Axiata declined nine sen to RM6.46.
For actively-traded stocks, GPA Holdings, APFT Bhd, China Stationery Ltd, Globaltec, and Genetec Technology were all flat at 13 sen, 17.5 sen, nine sen, seven sen and 17 sen, respectively.
The physical price of gold as at 9.30am stood at RM134.59 per gramme, down 98 sen from RM135.57 at 5pm yesterday. – Bernama