Bursa Malaysia rose at the start of trading today following a recovery in buying momentum.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) benchmark rose 8.14 points or 0.52 per cent to 1,578.01 from 1,569.87 on Tuesday.
Bernama reported that the key indicator index rose 7.03 points to 1,576.9 when the transaction opened.
In the broader market, gainers outnumbered losers by 288 to 215 while 302 other counters were unchanged, 1,348 untraded and 9 others suspended.
Turnover stood at 566.29 million units worth RM243.72 million.
Meanwhile, Malacca Securities Sdn Bhd expects the local bourse to see trading that tends to increase following the change in the status of the Movement Control Order (PKP) for Selangor, Johor, Penang and Kuala Lumpur announced yesterday.
"Besides that, the number of daily cases of Covid-19 has declined to the lowest level so far this year. However, it should be noted that overnight negative sentiment on Wall Street can also curb the potential for improvement at the local level, "he said in a research note today.
Malacca Securities also described media reports on the easing of travel restrictions will continue to attract buyers to the restored stocks while traders may focus on sectors such as consumer, retail and construction.
"Besides that, the performance of technology stocks is expected to be driven by the decision involving UWC Bhd," said the firm.
Heavyweights saw Maybank gain six sen to RM8.14, Public Bank rose four sen to RM4.26, TNB gained 10 sen to RM10.46, CIMB added one sen to RM4.29, Petronas Chemicals and IHH Healthcare respectively. changed at RM7.53 and RM5.50 while Axiata declined five sen to RM3.43 and MISC fell three sen to RM6.73.
For active stocks, UWC jumped 17 sen to RM6.70, Parkson gained 5.5 sen to 24.5 sen, Kanger International rose one sen to 11.5 sen, Mestron rose two sen to 29 sen, TFP Solutions gained 1.5 sen to 22 sen, Aimflex declined. 1.5 sen to 30 sen, Grand-Flo declined 7.5 sen to 50.5 sen and AMMB Holdings declined 35 sen to RM2.81 sen.
On the index board saw the FBM Emas Index rise 32.47 points to 11,608.99, the FBMT 100 Index rose 32.29 points to 11,307.01, the FBM Emas Syariah Index rose 31.33 points to 12,921.88, the FBM ACE added 35.19 points to 10,606.55 and the FBM 70 dropped 55.64 points to 15,480.2.
By sector, the Industrial Products and Services Index rose 0.35 points to 184.39 while the Plantation Index increased 20.77 points to 7,160.05 and the Financial Services Index gained 34.62 points to 15,067.45.
