KUALA LUMPUR - Shares on Bursa Malaysia were traded higher this morning, supported by China's positive stock market outcome, a dealer said.
At 9.03 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.33 points better at 1,725.06 after opening 0.2 points lower at 1,723.53.
She said the rise of the shares was prompted by limits imposed by Chinese regulators on short selling on the mainland in its quest to stabilize the market.
The Shanghai Composite Index rose 133.64 points or 3.69 per cent to 3,756.54 in light of the regulations.
"The local stock exchange was lifted by some buying from investors taking cue of the brighter Chinese stock market," she said.
On the scoreboard, the FBM Emas Index increased 13.44 points to 11,878.01, the FBMT100 Index gained 13.57 points to 11,565.4 and the FBM Emas Syariah Index rose 14.01 points to 12,355.74.
However, the FBM Ace declined 5.87 points to 6,219.64 while the FBM 70 improved 32.39 points to 12,782.41.
On a sectoral basis, the Finance Index advanced 16.07 points to 15,441.95, the Plantation Index garnered 13.61 points to 7,370.87 and the Industrial Index advanced 20.56 points to 3,295.61.
Gainers led losers 88 to 74, while