KL shares rebounded to open higher

Share prices on Bursa Malaysia rebounded to open higher today on fresh buying interest after two days of losses, dealers said.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.33 points to 1,849.09 after opening 0.94 of a point lower at 1,846.82.

HwangDBS Vickers Research said the Malaysian bourse could still be drifting listlessly with a marginal downward bias today, mirroring yesterday's

performance.

"Its benchmark FBM KLCI may continue to defend its position by treading above the immediate support level of 1,840," the research house said in a note

today.

Meanwhile, HwangDBS said major US equity bellwethers extended their run-ups by climbing between 0.5 and 1.6 per cent at the closing bell last night as

investors' sentiments were boosted by a positive manufacturing report.

Gainers outpaced losers 157 to 75, while 192 counters were unchanged, 1,184 untraded and 14 others suspended.

Turnover stood at 178.7 million shares worth RM91.73 million.

On the scoreboard, the Industrial Index gained 10.67 points to 3,201.58, the Plantation Index garnered 18.95 points to 8,950.52, but the Finance Index

slipped 0.57 of a point to 16,625.04.

The FBM Emas Index advanced 13.08 points to 12,803.52, the FBMT100 Index added 12.1 points to 12,456.95, the FBM 70 jumped 25.75 points to 13,988.79

but the FBM Ace declined 18.19 points to 6,732.3.

Among actives, Ingenuity Consolidated, Salcon and PDZ Holdings earned half- a-sen each to 10.5 sen, 76.5 sen and 13 sen, respectively, while Malaysia

Airlines was flat at 21 sen.

As for heavyweights, Maybank, Tenaga Nasional and Axiata lost two sen each to RM9.65, RM11.94 and RM6.72, respectively, but CIMB gained two sen to RM7.18.