KUALA LUMPUR: The FBM KLCI edged higher at the opening bell as it continued on its positive momentum amid mixed results on Wall Street.
The recovery on the local benchmark index appeared to be in full steam as it headed for a fourth straight day of gains.
At 9.10am, the FBM KLCI was up 0.78 points to 1,805.73. Trading volume was 138.19 million shares with a value of RM63.21mil. There were 159 gainers versus 111 decliners and 216 counters unchanged.
In the spotlight today, Gamuda climbed seven sen in early morning trade to RM3.78 on news that it had accepted Air Selangor's offer for its stake in SPLASH.
Far East moved lower by 52 sen to RM13.96 following the release of its quarterly results yesterday, a step back from its rapid rise over the course of recent weeks.
Meanwhile Supermax slipped seven sen to RM4.21 on news that group executive director Datin Seri Cheryl Tan Bee Geok had been fined RM7mil and sentenced to a five-year jail term for insider trading offences.
Among actively traded stocks, NovaMSC rose half a sen to 18.5 sen, Destini
gained half a sen to 35.5 sen and MyEG chalked up one sen to RM1.24.
Some big caps on the move include MAHB, rising 12 sen to RM9.70, and KL Kepong, which dropped 40 sen to RM24.36.
Oil prices continued to slide as the trade conflict weighed on the outlook for global demand. WTI crude slid 12 cents to US$66.69 a barrel while Brent crude dropped 20 cents to US$71.87 a barrel.
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