Shares prices open mixed in early trading, CI up 2.56 points

At 9.30 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood 2.56 points higher at 1,667.46 after opening 1.43 points lower at 1,663.47.

"At the moment, buying power is stronger than selling pressure, FBM KLCI would thus likely trade above 1,666.26 today," a dealer said.

Last night, key US indices fell between 1.4 per cent and 1.8 per cent amid earnings concerns as several companies posted disappointing earnings, HwangDBS Vickers Research said in a research note.

"This also follows news of Spain's gross domestic product shrinking 0.4 per cent from the previous three months, which may result in the country seeking more European aid," it said.

Back home, the Finance Index rose 17.52 points to 14,859.29 and the FBM Ace Index was 9.06 points higher at 4,249.51.

The Industrial Index gained 5.59 points to 2,900.16, the FBM Emas Inde advanced 10.62 points to 11,311.16 and the FBMT100 added 12.739 points to 11,153.47.

The Plantation Index however fell 9.44 points to 8,154.1 and the FBM Mid 70 Index shed 6.88 points to 12,148.89. Losers led gainers 116 to 114, with 165 counters unchanged and 1,248 untraded.

Volume stood at 121.66 million shares worth RM112.4 million.

Actives, Scomi lost 1.5 sen to 41 sen, UEM Land rose eight sen to RM2.01 and Naim Indah was flat at 21.5 sen.