Bursa Malaysia opens higher | Malay Mail

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KUALA LUMPUR, Aug 24 — Bursa Malaysia opened higher on mild bargain-hunting in almost all the index-linked stocks while tracking the gains on Wall Street last Friday, dealers said. At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved 2.00 points to 1,579.12 compared with 1,577.12...

On the broader market, there were 370 gainers and 101 losers, while 294 counters were unchanged, 1,253 untraded and 22 others suspended. — Reuters pic

For the day ahead, Malacca Securities Sdn Bhd said with lack of fresh leads, the FBM KLCI may linger within a tight range as gains will be tempered by quick profit-taking. “On technical outlook, we think that the consolidation will remain a feature with the 1,600 serving as the immediate resistance, followed by 1,615,” it said in a research note today.

Among actives, PWorth and Lambo bagged half-a-sen each to four sen and 5.5 sen, respectively, and XOX inched up 1.5 sen to 22.5 sen.

 

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