Bursa Malaysia started trading this morning by giving back gains from the push of selective buying interest on the product and services counter as well as utility stocks.
At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 7.66 points at 1,511.67 from Monday's close of 1,504.01.
The index opened 0.08 points stronger at 1,504.09.
In the broader market, gainers at 238 outpaced losers at 163, while 279 counters were unchanged, 1,585 untraded and 6 suspended.
Total revenue at 343.07 million units worth RM185.71 million.
A Malacca Securities note said the KLCI reversed yesterday's losses as anxious sentiment over China's weak economic growth clouded the market.
He added that investors may reduce exposure to energy stocks due to falling oil prices and shift to consumer investment trusts, plastics and real estate ahead of earnings season.
In addition, the firm also projects technology stocks to be actively traded against the backdrop of Wall Street's performance.
Heavyweight stocks saw Maybank, Public Bank, Petronas Chemicals and CIMB gain 1 sen at RM8.92, RM4.67, RM8.79 and RM5.44 while IHH Healthcare Bhd gained 5 sen at RM6.54.
Active shares saw Green Packet Bhd gain 0.5 sen to 5.5 sen, Top Glove Corp Bhd advanced 3.5 sen to 83 sen while Cnergenz Bhd lost 1.5 sen to 75 sen and Borneo Oil Bhd remained at 2.5 sen.
On the index board, the FBM Emas index gained 42.72 points at 10,703.26, the FBMT 100 index jumped 44.51 points at 10,450.28, the FBM Emas Shariah index added 59.35 points at 10,828.89 and the FBM 70 gained 20.15 points at 12,727.55 while the FBM ACE reduced 26,672 points at 4,933.
In terms of sectors, the Financial Services index increased by 20.79 points at 16,789.62, the Plantation index gained 26.92 points at 7,188.48, the Energy index decreased by 1.86 points at 655.56 and the Products and Services index gained 0.55 points at 183.65.
