At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 1.24 points at 1,608.53 from Friday's close of 1,607.29.
The index opened 0.66 points strong at 1,607.95.
It opened higher extending Friday’s gains on a boost to positive sentiment by investors and the equity market.
On the broader market, investors saw losers outpacing gainers by 179 to 173, while 272 counters were unchanged, 1,630 untraded and 13 suspended.
Total turnover at 266.93 million units worth RM68.47 million.
A note from Malacca Securities Sdn Bhd stated that recovery -themed stocks were the focus while the technology sector was the opposite.
Clearly, investors are seen to be more interested in consumption stocks, tourism and building materials due to the recovery in economic activity.
He added that this week, investors were also seen focusing on the United States (US) economic data and the decision to raise interest rates by the European Central Bank (ECB).
Heavyweights saw Malayan Banking Bhd (Maybank) add 3 sen to RM8.88, IHH Healthcare Bhd rose 4 sen to RM6.49 and Public Bank Bhd remained at RM4.68 while Petronas Chemicals Group Bhd lost 8 sen to RM10.22 and CIMB Group Holdings Bhd declined 4 sen to RM5.31.
Active stocks saw Vsolar Group Bhd and Brahim’s Holdings Bhd fall 0.5 sen at 1 sen and 3 sen, Yong Tai Bhd and Matang Bhd rose 0.5 sen at 12.5 sen and 11 sen while Tanco Holdings Bhd added 6.5 sen at 54.5 sen.
On the index board, the FBMT 100 index added 7.68 points at 11,208.30, the FBM Emas index rose 10.04 points at 11,561.63, the FBM Emas Shariah index reached 19.87 points at 12,222.46, the FBM 70 advanced 5.60 points at 14,009.45 and the FBM ACE jumped 0.08 points to 5,861.56.
In terms of the index sector, the Products and Services Industry decreased 0.06 points at 214.41, the Financial Services index declined 7.04 points at 16,775.29 while the Plantation index increased 42.28 points at 8,395.88.
