KUALA LUMPUR: Bursa Malaysia opened slightly lower today but rebounded thereafter due to emerging buying interest in selected heavyweights and in tandem with most regional bourses, dealers said. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.96 points better at 1,785.70 against Monday's close of 1,782.74. In a research note today, Maybank Investment Bank Research expected the local bourse to trade between 1,770 and 1,790 while downside supports were forecast between 1,748 and 1,729. “The FBM KLCI rose 2.84 points to 1,782.74 yesterday, led by gains in selective index-linked stocks like Hong Leong Bank, TM and SIME. There could be renewed interest on construction stocks today, driven by job wins,” it said.

Source: New Strait Times September 12, 2017 01:52 UTC