Bursa Malaysia opens higher

Nov 10, 2016
Bursa Malaysia index opened 4.75 points higher at 1,652.37 then yesterday.
Bursa Malaysia index opened 4.75 points higher at 1,652.37 today.

Bursa Malaysia reversed yesterday losses to open higher today after it was hit by the surprised victory of Republican Donald Trump in the US presidential election over Democratic candidate, Hillary Clinton, dealers said.

At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 8.44 points higher at 1,656.06 from Wednesday’s close of 1,647.62.

The index opened 4.75 points higher at 1,652.37.

Market breath was positive as gainers led losses 241 to 32, while 108 counters were unchanged, 1,267 untraded and 24 others suspended.

Turnover stood at 115.71 million shares worth RM60.36 million.

An analyst said the local bourse was positive, in tandem with some regional peers.

“US stocks have climbed back from the losses, as shares of banks and heavy equipment manufacturers rallied amid speculation Trump will pursue business-friendly policies,” Bernama reported as he saying.

Singapore’s Straits Times Index rose 1.12% to 2,821.04, South Korea’s Seoul Composite Index improved 1.76% to 1,992.88 and Taiwan Stock Exchange Weighted Index gained 2.30% to 9,148.79.

Of the heavyweights, TNB increased four sen to RM14.32, Maybank added five sen to RM7.92, Public Bank gained four sen to RM19.72, Petronas Chemicals rose two sen to RM6.93 and IHH Healthcare was flat at RM6.35.

CIMB Group rose seven sen to RM4.87.

Among actives, TA Global gained two sen to 27 sen, RGB added one sen to 24 sen and WCT rose six sen to RM1.86.

The FBM Emas Index increased 59.28 points to 11,635.54, FBMT 100 Index added 58.8924 points for 11,351.67 and the FBM Emas Shariah Index rose 55.91 points to 12,210.84.

The FBM 70 improved 73.64 points to 13,464.44 and the FBM Ace was 40.53 points higher at 4,951.89.

Sector-wise, the Finance Index advanced 71.60 points to 14,407.59, the Plantation Index increased 44.41 points to 7,750.47 and the Industrial Index rose 6.79 points to 3,143.53.