The market, on the fourth consecutive day of its upward trajectory, ended the day at 1,502.07, up 9.84 points or 0.65% from Friday’s close of 1,492.23.
The benchmark index, which opened 0.44 of-a-point firmer at 1,492.67, moved between 1,490.69 and 1,503.83 throughout the day.
The overall market breadth was positive with gainers outpacing losers 546 to 355, while 407 counters were unchanged, 934 not traded, and 18 others suspended.
Total turnover declined to 2.38 billion units worth RM1.49 billion from 2.79 billion units worth RM1.98 billion last Friday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the key regional indices were also in positive territory following upbeat cues from Wall Street last Friday.
Meanwhile, reports from China said the republic’s service sector activity continued to expand despite a slowdown in manufacturing, giving some boost to investor sentiment.
As for the local bourse, Thong said the FBM KLCI continued its uptrend, thanks to continuous foreign buying.
“Having broken the 1,500 resistance, we expect the benchmark index to remain positive for now although we do not discount the possibility of some profit-taking,” he told Bernama.
“As such, we expect the FBM KLCI to trend higher, within the range of 1,495 to 1,515 for the week, with immediate resistance at 1,530 and support at 1,460,” he added.
On the local bourse, heavyweights Maybank improved a sen to RM8.87, Petronas Chemicals added seven sen to RM8.95, IHH Healthcare increased 11 sen to RM6.50, CIMB gained four sen to RM5.25, while Public Bank was flat at RM4.64.
Of the actives, CSH Alliance was half-a-sen higher at 7.5 sen, Dagang NeXchange rose two sen to 82.5 sen, and UMediC was up six sen to 55 sen, while both Metronic Global and Sedania trimmed 1.5 sen each to 12.5 sen and 42 sen, respectively.
On the index board, the FBM Emas Index added 66.31 points to 10,668.22, the FBM Emas Shariah Index improved 98.32 points to 10,833.09, the FBMT 100 index garnered 59.69 points to 10,412.57, the FBM ACE expanded 60.74 points to 4,908.74, and the FBM 70 put on 38.88 points to 12,797.32.
Sector-wise, the plantation index climbed 120.84 points to 7,119.18, the industrial products and services index ticked up 1.66 points to 186.03, the energy index increased 4.77 points to 676.01, while the financial services index edged up 18.42 points to 16,663.81.
The main market volume slipped to 1.6 billion shares worth RM1.24 billion against 1.86 billion shares worth RM1.65 billion last Friday.
Warrants turnover dwindled to 280.89 million units valued at RM55.42 million versus 337.16 million units valued at RM67.03 million.
The ACE Market volume slid to 496.33 million shares worth RM199.01 million from 590.81 million shares worth RM263.41 million previously.