At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.72 points to 1,619.91 from Monday’s close of 1,615.19, after opening 2.10 points higher at 1,617.29.
Market breadth was positive, with gainers outpacing losers at 275 to 129, while 280 counters were unchanged, 1,975 untraded and nine suspended.
Turnover stood at 282.52 million units, valued at RM278.95 million.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street experienced a broad-based rebound as traders reacted positively to President Donald Trump’s assurance that trade relations with China “will be fine.”
“He may not proceed with his threat of imposing massive tariffs on the country. Meanwhile, the US 10-year Treasury yield was flat at 4.06%,” he added.
Back home, Thong anticipated the FBM KLCI to trend within the 1,610 to 1,620 range today.
“Nonetheless, we expect bargain hunting to emerge if the index hovers near the 1,600 mark,” he added.
Among the heavyweights, Maybank added one sen to RM9.94, Tenaga Nasional rose four sen to RM13.30, Public Bank gained two sen to RM4.24, IHH Healthcare increased two sen to RM8.01, while CIMB Group was unchanged at RM7.43.
In active trading, Genting Malaysia surged 20 sen to RM2.34, Genting Bhd rose 12 sen to RM2.98, ECA Integrated added one sen to 25 sen, Top Glove eased one sen to 69.5 sen, and NexG slipped four sen to 46 sen.
Among other top gainers were Heineken Malaysia, which added 20 sen to RM20.60, PPB Group rose 12 sen to RM11.12, Malayan Cement advanced 10 sen to RM6.78, QL Resources gained eight sen to RM4.45, and Petronas Chemicals increased eight sen to RM4.21.
As for the top losers, ABM Fujiya fell 4.5 sen to 26.5 sen, NexG and Hong Leong Financial declined four sen each to 46 sen and RM16.84, respectively. PIE Industrial and Pentamaster eased three sen each to RM3.50 and RM4.27, respectively.
On the index board, the FBM Emas Index increased 43.63 points to 12,122.17, the FBMT 100 Index expanded 44.46 points to 11,843.61, the FBM Emas Shariah Index advanced 34.82 points to 12,207.62, the FBM 70 Index jumped 107.77 points to 17,192.20, and the FBM ACE Index gained 40.53 points to 5,290.94.
Sector-wise, the Financial Services Index added 28.06 points to 18,250.11, the Industrial Products and Services Index improved 0.75 of-a-point to 175.27, the Energy Index rose 2.13 points to 797.30, and the Plantation Index climbed 8.46 points to 7,873.58.