Bursa Malaysia opened mixed at the end of the week with the benchmark index down 0.07% due to selling activity in selected heavyweights.
At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.07 points at 1,490.13 from Thursday's close of 1,491.20.
The index opened 0.03 points lower at 1,491.17.
In the broader market, gainers at 250 outpaced losers at 102, while 246 counters were unchanged, 1,689 untraded and 54 suspended.
Total revenue at 261.88 million units worth RM109.38 million.
Commenting on Malacca Securities Sdn Bhd's note, the KLCI is expected to continue rallying along with its regional peers after taking cues from Wall Street's strong performance.
In addition, the firm also outlined the decision to cancel the restrictions on the entry of its workers into Malaysia which will benefit the local manufacturing and plantation sector.
In the meantime, the energy sector is said to continue to be an option due to the increase in the price of crude palm oil while the technology sector will gain momentum based on the Nasdaq's profit performance.
Heavyweight stocks saw Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd down 2 sen at RM8.83 and RM5.26, Petronas Chemicals Group Bhd lost 11 sen at RM8.80 while Public Bank Bhd and IHH Healthcare Bhd remained at RM4. 64 and RM6.39.
Active shares showed CSH Alliance Bhd up 1 sen at 10 sen, Parkson Holdings Bhd added 1.5 sen at 18.5 sen and LGMS Bhd jumped 7.5 sen at 87.5 sen while MQ Technology Bhd and Velesto Energy Bhd remained at 3.5 sen and 8.5 sen.
On the index board, FBM Emas index collected 11.51 points at 10,590.16, FBM Emas Shariah index gained 23.04 points at 10,704.07, FBMT 100 index gained 6.90 points at 10,340.30, FBM ACE reached 23.48 points at 4,855.97 and FBM 70 jumped 66.14 points at 12,750.83
