The impact of the United States (US) consumer price index (CPI) report gives 2 different outputs to Malaysian stocks and the ringgit.
At the opening, the FBM KLCI index started 8.27 points at 1,382.63 before jumping 11.01 points at 1,384.37 compared to Thursday's close of 1,373.36.
In the broader market, gains at 284 offset losses at 71, while 187 counters were unchanged, 1,804 untraded and 19 suspended.
Total revenue at 190.59 million units worth RM79.92 million.
According to Rakuten Trade Sdn Bhd, the local market is expected to move strongly in the 1,375-1,400 range, reflecting the positive performance on Wall Street.
Heavyweight stocks saw Maybank, Public Bank Bhd and IHH Healthcare Bhd gain 3 sen at RM8.50, RM4.20 and RM5.63 while Petronas Chemicals Group Bhd jumped 7 sen at RM8.52 and CIMB Group Holdings Bhd gained 8 sen at RM5. .38.
Active shares showed Velesto Energy Bhd down 0.5 sen at 11 sen and Artroniq Bhd lost 1.5 sen at 68.5 sen while Top Glove Corp Bhd gained 2 sen at 71 sen, Hiap Huat Holdings Bhd added 1 sen at 16 sen and Vinvest Capital Holdings Bhd gained 0.5 sen at 20.5 sen.
On the index board, FBM Emas jumped 66.20 points at 9,864.72, FBM 70 rose 65.11 points at 11,906.25, FBMT 100 advanced 70.85 points at 9,617.83, FBM Emas Shariah strengthened 73.70 points at 9,841.24 and FBM ACE added 14.88 points at 4,632.53.
In terms of sectors, the Financial Services index rose 69.57 points at 15,932.89, the Products and Services index added 1.41 points at 169.92, the Plantation index gained 33.84 points at 6,381.86 and the Energy index gained 4.56 points at 672.51.
Meanwhile, the ringgit fell to a new low against the dollar following higher-than-expected CPI data.
During the opening, the local currency traded down 4.6920/6965 against the greenback from yesterday's close at 4.6910/6940.
