KLCI opens firmer, Sime, Public Bank up

KUALA LUMPUR: Blue chips opened higher on Monday, underpinned by gains in heavyweight Sime Darby and Public Bank but the FBM KLCI could struggle later due to the cautious regional markets.

At 9am, the FBM KLCI was up 2.45 points to 1,658.58, after falling 19.56 points or 1.17% to 1,656.13 last Friday. Turnover was 14.27 million shares valued at RM8.42mil. There were 58 gainers, 34 losers and 83 counters unchanged.