At 9.10am, the FTSE Bursa Malaysia KLCI rose 4.34 points to 1,563.93 from yesterday's close of 1,559.59. ― Picture by Razak GhazaliKUALA LUMPUR, April 23 ― Bursa Malaysia opened higher today, taking its cue from Wall Street’s better performance overnight as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.
On the broader market, gainers led decliners 232 to 132 while 273 counters were unchanged, 1,737 untraded, and 22 others suspended.Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said, the better sentiment saw the Dow Jones Industrial Average rising 253 points while the Nasdaq added 169 points as the US 10-year yield eased marginally to 4.611 per cent.
"Hence, we believe the index may see more upside after the rebound in US equities overnight and expect it to hover within the 1,555-1,570 range today," he told Bernama. Among the heavyweights, Maybank added 3.0 sen to RM9.77, Public Bank perked up 1.0 sen to RM4.21, CIMB gained 5.0 sen to RM6.67, Tenaga Nasional went up 2.0 sen to RM11.66, and Petronas Chemicals rose 4.0 sen to RM6.85.
Bursa Malaysia Opening
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