Stock Market Gets 'Energy' To Trade Early This Week


 Energy-themed shares were the main catalyst for buying interest on the exchange in addition to gains from the US rally last Friday.

At the opening, the FBM KLCI index started up 2.90 points at 1,441.18 before rising 1.29 points at 1,439.57 compared to Friday's close at 1,438.28.

In the broader market, gains at 179 outpaced losses at 104, while 225 counters were unchanged, 1,817 untraded and 18 suspended.

Total revenue at 128.47 million units worth RM44.16 million.

According to Rakuten Trade Sdn Bhd, there is a buying interest in banking and technology stocks in addition to energy-themed counters.

Based on that factor, the firm predicts the KLCI index will reach the reset level of 1,450 today.

Heavyweight stocks saw Maybank up 3 sen at RM8.48, Public Bank Bhd up 2 sen at RM4.38, Petronas Chemicals Group Bhd gained 4 sen at RM8.55, CIMB Group Holdings Bhd added 1 sen at RM5.38 while IHH Healthcare Bhd lost 3 sen at RM6.01.

Active shares showed TWL Holdings Bhd remaining at 3.5 sen and Citaglobal Bhd flat at 30.5 sen, Advance Synergy Bhd and Solution Group Bhd up 1 sen at 7.5 sen and 36 sen while Hua Yang Bhd gained 0.5 sen at 19 sen.

On the index board, the FBM Emas index rose 11.70 points at 10,229.19, the FBM 70 added 19.13 points at 12,161.26, the FBMT 100 index jumped 10.51 points at 9,959.43, the FBM ACE index rose 6.05 points at 4,925.23 and the FBM Emas Shariah index dropped 4.68 points at 10,322.41.

In terms of sectors, the Financial Services index rose 67.35 points at 16,160.04, the Energy index added 9.85 points at 735.13, the Products and Services index fell 0.46 points at 174.24 and Plantation fell 23.77 points at 6,797.25.