Share prices on Bursa Malaysia regained their footing in the early trading Friday, tracking gains in overnight close on Wall Street with heavyweights like British American Tobacco and Sime Darby spurring the interest, dealers said.
At 9.30am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,556.95, up 6.46 points, after opening 3.19 points better at 1,553.68.
Encouraging economic data from the United States and hopes that Greece would secure the bailout aid package resulted in global rallies in stocks, dealers said.
HwangDBS Vickers Research said this is expected to lift investors' sentiments on the local bourse today.
The benchmark FBM KLCI after losing 10.8 points or 0.7 per cent yesterday may attempt to overcome the support-turned-resistance line of 1,555 ahead, it said in a research note.
The Finance Index gained 39.52 points to 13,811.46, the Plantation Index rose 30.569 points to 8,825.14 and the Industrial Index advanced 29.84 points to 2,921.09.
The FBM Emas Index surged 49.181 points to 10,829.53, the FBM Mid 70 Index jumped 65.51 points to 12,349.6 and the FBM Ace Index rose 25.33 points to 4,680.3.
The market breath was positive, with gainers outpacing losers 303 to 74, while 191 counters were unchanged, 920 untraded and 27 others suspended.
Turnover stood at 338.698 million shares worth RM160.961 million.
Among actives, Tasek Corporation gained 59 sen to RM8.59, Amway and British American Tobacco each rose 20 sen to RM10 and RM52.50, respectively.
Heavyweights, Maybank earned four sen to RM8.54, Sime darby added 16 sen to RM9.70, Petronas Chemicals and CIMB both were flat at RM6.88 and RM7.25, respectively Read More
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