Share prices on Bursa Malaysia were slightly higher in early trade today on mild buying support mostly seen in heavyweights, dealers said.
Ten minutes into the opening, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.98 points to 1,622.91, compared to yesterday’s close of 1,620.93.
HwangDBS Vickers Research Sdn Bhd said with no visible market leads from abroad and as Wall Street was closed yesterday, Asian equities may swing sideways when trading resumes today.
It said the local bourse could also continue its listless performance by drifting lower.
“On the chart, the benchmark FBM KLCI is expected to slide towards the tentative support line of 1,615 anytime soon,” it said in its research note here.
Regional bourses were mostly lower with Japan’s Nikkei 225 slipping 13.91 points to 11,393.96, while Hong Kong’s Hang Seng declined 13.72 points to 23368.22. Singapore’s Straits Times rose 7.93 points to 3,296.07.
Back on the local front, the Finance Index improved 19.239 points to 14,848.27, the Industrial Index edged up 1.94 points to 2,786.71 and the Plantation Index increased 6.01 points to 7,926.67.
The FBM Emas Index was 10.97 points higher at 11,029.62, the FBMT100 advanced 9.829 points to 10,879.52, while the FBM Mid 70 Index declined 5.14 points to 11,959.49, and the FBM Ace Index added 9.1 points to 4,048.26.
Gainers led losers by 61 to 40, with 82 counters unchanged, 1,483 untraded and 17 others suspended.
Trading was thin with total volume at 68.425 million shares worth RM15.15 million.
Among actives, The Media Shoppe edged up one sen to 9.5 sen, Compugates was unchanged at 9.5 sen, while Ins Bioscience slipped 1.5 sen to five sen.
For the heavyweights, Maybank was unchanged at RM8.87, while Sime Darby added two sen to RM9.24 and Axiata edged up one sen to RM6.28, with CIMB gaining
three sen to RM7.03.