KUALA LUMPUR: Bursa Malaysia opened marginally higher than yesterday's close and quickly gathered pace due to bargain-hunting activities.
The key index opened at 1,441.52, up 1.41 points over Wednesday's close of 1,440.11.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 4.21 points, bringing the index to 1,444.32.
The broader market saw gainers lead losers 225 to 162 with 264 counters unchanged.
At 9.15am, other indices were all in the red with FBM100 declined 65.08 points to 10,318.78, FBMEMAS dropped 62.08 points to 10,635.90, FBMHIJRA slipped 110.72 points to 11,616.54 and FBMACE down 0.42 points to 5,285.14.
Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said there will be immediate rebound as bargain hunting activities should emerge anytime soon.
He said this is following the decline of FBM KLCI after the market solid performance for the past two weeks as investors took the opportunity to gain profit on concerns over China's economic condition.
"We anticipate the index to hover between the 1,440 and 1,450 range today. Meanwhile, as earnings announcements picked up pace, we noticed that plantation stocks as expected had so far been affected by the lower CPO prices," he said.
