The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.10 points to 1,453.41 after 10 minutes, compared to last Friday’s close of 1,447.31.
The market bellwether opened higher by 3.63 points at 1,450.94.
On the broader market, gainers outpaced losers 279 to 107, while 259 counters were unchanged, 1,717 were not traded, and 66 others were suspended.
Turnover stood at 282.44 million units worth RM114.74 million.
Malacca Securities Sdn Bhd said Wall Street surged sharply higher as the Dow Jones Index rallied by 2.6%, driven by gains in Apple following the stronger-than-expected earnings.
Investors may continue to monitor a series of events this week including the interest rate decision by the US Federal Reserve and Bank of England to gauge the economic outlook and market directions going forward.
“On the local front, we believe investors’ focus may shift to the 15th general election theme at least for the near term. Commodities-wise, crude oil traded above US$95 per barrel while the crude palm oil (CPO) price tumbled below RM4,000 per tonne,” it said in a note today.
Among the heavyweights, Maybank added five sen to RM8.63, Public Bank rose nine sen to RM4.47, Petronas Chemicals gained eight sen to RM8.86, CIMB increased three sen to RM5.59 and IHH Healthcare was seven sen higher at RM6.02.
Among the actives, Ta Win was up half-a-sen to 7.5 sen, both Tanco and Top Glove bagged two sen each to 37 sen and 81 sen respectively, while Jade Marvel lost half-a-sen to 28.5 sen and Harvest was flat at 13 sen.
On the index board, the FBM emas index gained 90.88 points to 10,366.28, the FBM 70 added 96.35 points to 12,332.93 and the FBMT 100 index increased by 93.40 points to 10,108.25.
The FBM emas shariah index went up 85.11 points to 10,407.62 while the FBM ACE widened 29.09 points to 4,910.39.
Sector-wise, the financial services index jumped 144.68 points to 16,530.72 and the energy index ticked up 1.39 points to 698.96, the industrial products and services index improved 1.30 points to 176.75 and the plantation index earned 31.34 points to 6,874.39.
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