KUALA LUMPUR, Sept 9 (Bernama) -- Bursa Malaysia opened higher on Tuesday, extending the previous day’s gains on continued local institutional buying and stock accumulation, a dealer said.
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.31 points to 1,586.90 from Monday’s close of 1,585.59.
The index opened 1.39 points firmer at 1,586.98.
Market breadth was positive, with 146 gainers outpacing 88 decliners, while 65.82 million shares worth RM40.74 million were traded.
Rakuten Trade Sdn Bhd, vice-president of equity research, Thong Pak Leng, said buying support from local institutions remains apparent underscoring that the local bourse is rather well supported.
“We believe stock accumulation to continue as we enter into the final quarter of 2025 with corporate environment still stable,” he said.
As for today, Thong added that the index is anticipated to trend within the 1,585-1,600 range.
“Meanwhile, gold prices surged to another record high clearly illustrating that funds may be flowing out of US dollar denominated assets,” he added.
Among the heavyweights, Maybank rose four sen to RM10.04, Public Bank gained one sen to RM4.29, while Tenaga Nasional, IHH Healthcare and Press Metal were unchanged at RM13.32, RM6.92 and RM5.55, respectively. CIMB slipped three sen to RM7.24.
In active trade, Pharmaniaga added half a sen to 20 sen, MRCB rose two sen to 49 sen, Scientex-WA improved half a sen to 8.5 sen, while Dagang Nexchange was flat at 24 sen.
Top gainers included Nestle, which climbed 60 sen to RM94.60, Hong Leong Bank, up 18 sen to RM20.26, Paragon Union, which advanced 12 sen to RM2.88, and Teck Guan and Country View, both eight sen higher at RM2.00 and RM2.23, respectively.
On the broader market, the FBM Emas Index added 14.76 points to 11,776.78, the FBMT 100 Index gained 10.67 points to 11,537.91 and the FBM Emas Shariah Index rose 7.70 points to 11,743.25.
The FBM 70 Index climbed 20.30 points to 16,467.75, while the FBM ACE Index was 4.77 points higher at 4,764.19.
By sector, the Industrial Products and Services Index edged up 0.23 of-a-point to 164.98, the Plantation Index advanced 18.67 points to 7,655.03 and the Financial Services Index added 41.47 points to 18,167.53. The Energy Index eased 2.19 points to 738.13.
-- BERNAMA
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