KUALA LUMPUR, May 8 — Bursa Malaysia opened higher in line with most regional markets, echoing the Wall Street’s stronger overnight performance. At 9.05am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 10.08 points or 0.73 per cent to 1,387.01 from Wednesday’s close of 1,376.93. The...
Market breadth was positive as gainers outpaced losers 292 to 76, while 218 counters were unchanged, 1,289 untraded and 27 others suspended. — Picture Ahmad Zamzahuri
At 9.05am, key index FTSE Bursa Malaysia KLCI jumped 10.08 points or 0.73 per cent to 1,387.01 from Wednesday’s close of 1,376.93. The FBM KLCI opened 5.19 points higher at at 1,382.12.Market breadth was positive as gainers outpaced losers 292 to 76, while 218 counters were unchanged, 1,289 untraded and 27 others suspended.
“With the absence of follow-through buying support, the key index may continue to trade sideways over the foreseeable future, ranging between the 1,360 and 1,400 levels, which are the immediate support and resistance levels, respectively,” said Malacca Securities. As for the actives, K-One increased three sen to 24 sen, Key Alliance, Bioalpha and Advance Synergy edged up half-a-sen each to 24 sen, 11.5 sen and 12.5 sen, respectively, Green Packet advance two sen to 77 sen, while Hubline and Sapura Energy were flat at five sen and nine sen, respectively.
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