Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the outlook for Malaysian equities remained optimistic with a rising daily trading volume, indicating greater market appetite.
He anticipated that the key index will trend within the 1,615-1,635 range for the week.
Meanwhile, the key regional indices ended mixed with profit-taking activities seen in certain countries amid political uncertainty in the US after an assassination attempt on former president Donald Trump.
“Additionally, meetings of top Chinese officials will be closely watched for more signals on economic stimulus,” said Thong.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 10.76 points, or 0.67%, to 1,629.82 from Friday’s close of 1,619.06.
The key index opened 0.8 of-a-point higher at 1,619.86 and moved between 1,619.19 and 1,632.69 throughout the day.
Gainers trounced losers 738 to 491, with 480 counters unchanged, 757 untraded, and 24 others suspended.
Turnover increased to 5.36 billion units worth RM3.95 billion from Friday’s 4.58 billion units worth RM3.72 billion.
On the local bourse, heavyweights Maybank rose 10 sen to RM10.14, TNB and Public Bank added two sen each to RM14.48 and RM4.13, respectively, CIMB gained five sen to RM7.18, Press Metal bagged eight sen to RM6.03, while Petronas Chemicals slipped five sen to RM6.06.
Among the active counters, Ekovest rose one sen to 51.5 sen, Jati Tinggi increased 3.5 sen to 70 sen, JAKS edged up 0.5 sen to 17.5 sen. Aimflex was flat at 20.5 sen, while Velesto declined 2.5 sen to 23 sen and UUE Holdings shed 8.5 sen to 84 sen.
On the index board, the FBM Emas Index garnered 92.11 points to 12,632.81, the FBMT 100 Index expanded by 90.66 points to 12,201.28, the FBM Emas Shariah Index jumped 95.38 points to 13,010.58, the FBM 70 Index surged 176.75 points to 18,849.94, and the FBM ACE Index gained 41.52 points to 6,022.73.
Sector-wise, the financial services index soared 140.16 points to 17,940.27, the plantation index climbed 19.92 points to 6,963.63, the energy index fell 13.45 points to 971.07, and the industrial products and services index eased by 0.7 of-a-point to 201.66.
The Main Market volume went up to 3.07 billion units valued at RM3.36 billion from 2.75 billion units valued at RM3.31 billion on Friday.
Warrants turnover advanced to 1.25 billion units worth RM166.71 million from 897.4 million units worth RM119.6 million previously.
The ACE Market volume swelled to 1.04 billion shares valued at RM424.76 million against 934.89 million shares valued at RM293.71 million last Friday.
Consumer products and services counters accounted for 416.39 million shares traded on the Main Market; industrial products and services (565.61 million); construction (563.88 million); technology (221.23 million); SPAC (nil); financial services (107.96 million); property (337.02 million); plantation (33.7 million); REITs (18.21 million); closed/fund (86,100); energy (543.44 million); healthcare (77.72 million); telecommunications and media (74.81 million); transportation and logistics (45.43 million); utilities (63.14 million); and business trusts (428,000).