KUALA LUMPUR: Bursa Malaysia opened firmer today, tracking the overnight Wall Street performance which ended sharply higher amid investors’ optimism at the start of earnings season, dealers said.
“Given the positive trading sentiment on Wall Street, we believe that buying interest may emerge on the local front, focusing on the details of Budget 2024 as well as the National Energy Transition Roadmap and New Industrial Master Plan 2030 blueprints,” it said. As for the sector focus, the brokerage said that given the positive sentiment from Wall Street, the focus may shift towards technology stocks.
At 9.05am, the FTSE Bursa Malaysia KLCI gained 2.67 points to 1,441.63 from Monday’s closing of 1,438.96.On the broader market, gainers edged past decliners 142 to 104, while 223 counters were unchanged, 1,872 untraded and 10 suspended.Among the Bursa heavyweights, Maybank, Public Bank and Petronas Chemicals added 2 sen each to RM9.00, RM4.19 and RM7.50, respectively, and Tenaga Nasional gained 5 sen to RM10.00, while CIMB slipped 4 sen to RM5.57.