KUALA LUMPUR (April 27): Bursa Malaysia opened higher on Thursday on bargain hunting boosting a rebound in financial services heavyweights despite Wall Street’s negative performance overnight, according to an analyst. At 9.08am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.17 points to 1,415.42 from Wednesday’s close of 1,414.25. “Hence, despite Nasdaq closing 55 points higher, the Dow Jones Industrial (DJI) Average slipped 229 points with the US 10-year yield inching higher at 3.445%. The FBM ACE Index was 17.20 points better at 5,367.86, while the FBM 70 index dropped 18.47 points to 13,540.25. Sector-wise, the Industrial Products and Services Index inched up 0.07 of a point to 171.55, the Financial Services Index gained 32.71 points to 15,524.75 and the Plantation Index went up 5.90 points to 6,890.36.
