KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened marginally higher today, led by positive buying momentum in heavyweights.
At 9.10 am, the key index rose 4.26 points to 1,633.06, after opening 0.79 point better at 1,629.59.
JF Apex Securities expect the FBM KLCI to rest its resistance at 1,640-points today following the improved performance among US stocks last Friday.
It said the US market surged over one per cent on Friday to reverse its intraday losses following higher crude oil price and weaker jobs data.
On the local front this morning, market breadth was positive as gainers outpaced decliners 196 to 72, while 139 counters were unchanged, 1,391 untraded and 17 others suspended.
Turnover stood at 111.09 million shares worth RM48.70 million.
The FBM Emas Index increased 28.12 points to 11,279.32, the FBMT100 was up 24.48 points to 10,991.79, with the FBM Emas Shariah 40.51 points higher at 11,992.14.
The FBM 70 rose 12.11 points to 12,308.04 and the FBM Ace added 14.12 points to 5,561.27.
On a sectoral basis, the Finance Index appreciated 61.24 points to 14,005.65 and the Industrial Index garnered 24.56 points to 3,212.27.But, the Plantation Index fell 4.07 points for 7,299.10.
Among heavyweights, Petronas Gas jumped 66 sen to RM22.70, Maybank was up six sen to RM8.51, MISC increased 11 sen to RM8.78, while Axiata and IHH Healthcare gained four sen each to RM5.84 and RM6.05 respectively.
Among the actively-traded stocks were The Media Shoppe which edged up half-a-sen to 11.5 sen, as XOX and KNM both added one sen to 10 sen and 48 sen respectively. But, Xidelang inched down half-a-sen to 12.5 sen.--BERNAMA