Foreign funds are expected to continue to accumulate local equities today to continue to support Bursa Malaysia to continue its rise last Friday.
According to Rakuten Trade Vice President of Research, Thong Pak Leng said investors are more attracted to the low valuation of both stocks and currencies in the Southeast Asian region.
However, price movements are expected to change in the near future and he asked investors to be careful.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened at 1,538.72 points this morning which is slightly higher than yesterday's close.
However, throughout the session it changed towards a slight decrease at 1,538.19 after a few minutes after the opening.
Market sentiment was equal with gainers at 133 versus losers at 135. Another 247 counters were unchanged, 1,783 were untraded and nine were suspended.
The total turnover was 200.72 million units worth RM58.08 million.
Meanwhile, among heavyweights, Sime Darby remained in an upward trend of five sen to RM2.56 and YTL Power rose two sen to RM3.82.
Maybank remained at RM9.46 and Public Bank and CIMB dropped two sen each to RM4.41 and RM6.38.
As for active shares, Hong Seng added half a sen to 2.5 sen, while Minetech, Bina Puri, Velesto and Destini each lost half a sen to 16.5 sen, 7.5 sen, 26 sen and 4.5 sen.
On the index board, the FBM Emas Index rose 3.37 points to 11,424.02, the FBMT 100 Index increased 3.30 points to 11,071.67 and the FBM Emas Shariah Index increased 16.40 points to 11,494.38.
The FBM 70 Index was 30.63 points better at 15,362.68 while the FBM ACE Index dropped half a point to 4,864.80.
In terms of sectors, the financial services index decreased by 26.61 points to 17,225.05, the plantation index added 15.28 points to 7,314.02, while the energy index was 5.16 points higher to 901.22 and the industrial products and services index increased by 0.02 from 17.6 points to 3.
