Bursa Malaysia Starts Strong On Wall Street’s Positive Lead
KUALA LUMPUR, April 28 (Bernama) -- Bursa Malaysia opened on a positive note, buoyed by Wall Street’s upbeat performance as uncertainties surrounding the US-China trade war continued to ease.
At 9.04 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.09 points to 1,513.29, up from last Friday's close of 1,509.20.
The benchmark index had initially gained 2.63 points, opening at 1,511.83.
Market breadth was positive, with 154 gainers outpacing 70 decliners. A total of 249 counters were unchanged, while 1,994 remained untraded and 58 were suspended.
Turnover stood at 68.48 million shares, valued at RM35.25 million.
Rakuten Trade Sdn Bhd’s equity research vice-president, Thong Pak Leng, noted that sentiment had improved, underpinned by a series of solid corporate earnings reports.
Meanwhile, he said the US 10-year yield eased further to 4.255 per cent.
"The FBM KLCI held its gains, closing near the 1,510 level last week. While sentiment remains cautious, we are heartened that the recent positive performance of the local bourse has been driven by the return of foreign funds.
“If this is sustainable, we can expect a new uptrend, with the 1,530 level as the next target,” he said, adding that he expects the index to hover within the 1,510-1,520 range today.
Among the heavyweights, Maybank added four sen to RM9.91, Public Bank and CIMB gained three sen each to RM4.39 and RM7.02, respectively, and IHH Healthcare rose one sen to RM6.88. Tenaga Nasional fell two sen to RM13.54.
In active trade, SNS Network gained three sen to 46.5 sen, Avangaad and SFP Tech rose half-a-sen each to 28.5 sen and 22.5 sen, respectively, while Careplus held steady at 16 sen. Nationgate slipped one sen to RM1.29.
On the index board, the FBM Emas Index advanced 34.52 points to 11,254.36, the FBMT 100 Index edged up 33.33 points to 11,023.25, the FBM Emas Shariah Index climbed 29.90 points to 11,114.16, the FBM 70 Index rose 62.08 points to 15,853.18, and the FBM ACE Index gained 13.15 points to 4,636.72.
Across sectors, the Financial Services Index strengthened 66.86 points to 18,058.05, the Industrial Products and Services Index rose 0.52 of-a-point to 149.25, the Energy Index added 1.18 points to 675.86, and the Plantation Index climbed 44.42 points to 7,269.34.
Separately, Bursa Malaysia Bhd, in close consultation with the Securities Commission Malaysia, clarified that the losses resulting from unauthorised access and trading activities on April 24, 2025, have been contained.
The exchange confirmed that the incidents, which involved a small number of brokers’ online client trading accounts, have been addressed and measures are in place to prevent future occurrences.
-- BERNAMA