Bursa Opens Slightly Higher On Upbeat Wall Street
At 9.11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.09 of a point to 1,537.60 from Monday's close of 1,537.51.
The benchmark index had opened 1.45 points lower at 1,536.06.
Market breadth was positive, with gainers outnumbering decliners 198 to 120, while 256 counters were unchanged, 1,855 untraded, and eight suspended.
Turnover stood at 124.59 million shares worth RM70.13 million.
Malacca Securities Sdn Bhd said the overnight session saw buying interest in both Wall Street and US Treasuries, despite the recent announcement of blanket tariffs.
Although the brokerage said there has been little progress towards de-escalating the trade wars, and it anticipates that sentiment may remain positive amid a recovery in the US dollar index.
'Despite the ongoing trade war with uncertain US trade policies, we believe it may drive tighter inspection protocols and regulatory compliance, leading to greater demand for security screening machines,' it said in a note today.
Among the heavyweights, Maybank rose one sen to RM9.73, Public Bank and CIMB fell two sen each to RM4.32 and RM6.67, respectively, Tenaga Nasional added four sen to RM13.94, while IHH Healthcare was flat at RM6.59.
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