Share prices on Bursa Malaysia rebounded to open higher today, snapping a losing streak of late, and in tracking the performance of regional peers as well as Wall Street, dealers said

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 12.63 points higher at 1,622.56, after opening 4.3 points easier at 1,605.63.

Gainers led losers 284 to 120, while 166 counters remained unchanged, 1,221 untraded and 14 others suspended.

Turnover stood at 156.82 million shares worth RM95.74 million.

A dealer said Asian equities markets were higher with investors cautious over China’s next move after devaluating its currency.

On the local front, the market was positive ahead of an announcement of Malaysia’s second quarter gross domestic product data later this morning.

On the scoreboard, the FBM Emas Index rose 78.18 points to 11,094.20, the FBMT100 Index increased 69.70 points to 10,820.47, and the FBM Emas Syariah Index added 73.29 points to 11,526.08.

The FBM 70 was up 21.48 points to 11,744.84 and the FBM Ace appreciated 76.7 points to 5,503.83.

On a sectoral basis, the Finance Index jumped 135.72 points to 14,469.71, the Industrial Index added 13.39 points for 3,119.84.But, the Plantation Index slipped 2.85 points to 7,072.51.

Among actives, Sumatec gained one sen to 15 sen, Frontken added 1.5 sen to 22 sen, IFCA MSC rose three sen to 79 sen and Unisem was up four sen to RM1.75.

Among heavyweights, Maybank added five sen to RM8.46, TNB gained 10 sen to RM10.90, Sime Darby was up seven sen to RM8.11 and Axiata increased three sen to RM6.00.

Public Bank eased six sen to RM18.14.

- Bernama