Despite a rebound this morning, the market is not expected to see a lot of change from yesterday given that there are no positive signs on the horizon, according to Rakuten Trade Sdn Bhd.

Its equity research vice-president, Thong Pak Leng, said the FTSE Bursa Malaysia KLCI (FBM KLCI) should hover within the 1,385-point to 1,395-point range.

The benchmark index began the day at 1,390.87 points, just 0.99-of-a-point higher than yesterday’s close of 1,389.88 points in response to a less-than-inspiring performance on Wall Street overnight.

In the first 10 minutes of trading, it added just a little over a point to settle at 1,391.95 points.

Despite the improvement in the index, there were more decliners than advancers on the broader market. Losers led gainers by 136 to 124, while 215 counters were unchanged, 1,860 were not traded and 40 others were suspended.

The turnover stood at 254.18 million units worth RM63.79 million.

Among the heavyweights, Maybank and Public Bank rose two sen each to RM8.72 and RM3.88 respectively, CIMB perked up a sen to RM5.20, Tenaga Nasional eased a sen to RM9.17, while IHH Healthcare was flat at RM5.89.

Of the actives, Sapura Energy, Sarawak Consolidated and Tanco rose half-a-sen each to four sen, 44 sen and 55.5 sen respectively, while DGB Asia and Classita were flat at one sen and nine sen respectively.

On the index board, the FBM Emas Index was 9.46 points better at 10,219.16, the FBMT 100 Index garnered 10.05 points to 9,924.29, and the FBM ACE Index dipped 29.58 points to 5,000.72, while the FBM Emas Shariah Index went down 1.35 points to 10,497.92, and the FBM 70 Index gave up 6.61 points to 13,371.39.

Sector-wise, the financial services index increased 31.56 points to 15,453.11, the industrial products and services index was 0.02 of-a-point higher at 158.58, while the energy index gained 0.27 of-a-point to 781.38 and the plantation index edged up 4.53 points to 6,723.34.