Bursa Malaysia opened higher today supported by buying activity at low prices led by utility counters.
At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.21 points to 1,601.26 from 1,596.05 last Friday.
The index opened 2.48 points higher to 1,598.53.
Overall market sentiment was positive as gainers outpaced losses with 264 counters to 108. Meanwhile, 239 counters were unchanged, 1,831 were untraded and 22 others were suspended.
The total trading volume was 141.79 million units worth RM67.02 million.
Vice President of Rakuten Trade Sdn Bhd Equity Research, Thong Pak Leng said that although the FBM KLCI closed positive last Friday, the market indicator index was below the psychological level of 1,600 due to profit taking activity.
Last week, Datuk Seri Anwar Ibrahim said global semiconductor company Infineon Technologies AG (Infineon) will allocate an additional investment of RM30.1 billion to finance Phase 2 of the construction of the world's largest silicon power fabrication plant in Kedah.
On Bursa Malaysia, heavyweights such as YTL Corporation, YTL Power International and Sunway rose 6.0 sen to RM3.30, RM4.41 and RM4.12 respectively.
Tenaga added 8.0 sen to RM14.02 while CIMB and IHH Healthcare rose 4.0 sen to RM7.34 and RM6.26 respectively.
Active counters also saw increased flow as Cape EMS rose 1.5 sen to 53.5 sen, Techna-X added 1.0 sen to 18 sen while OCR, Ekovest and Hubline rose half a sen to 7.0 sen, 41 sen and 9.0 sen respectively.
