Although the Wall Street market is mixed, the local Stock Exchange is seen to have managed to maintain the index at the support level of 1,450 this morning.
At the opening, the FBM KLCI index started 2.98 points at 1,457.96 before rising 2.13 points at 1,457.11 compared to yesterday's closing at 1,454.98.
In the broader market, gains at 176 outpaced losses at 73, while 207 counters were unchanged, 1,905 untraded and 24 suspended.
Total revenue at 126 million units worth RM52.08 million.
According to Rakuten Trade Sdn Bhd, buying interest from local institutions pushed the KLCI to break the 1,450 level yesterday and the index is expected to continue in an upward trend despite Wall Street being mixed.
He added, the market may test the 1,465 level with buying interest in the banking sector expected to return.
Heavyweight stocks saw Telekom Malaysia Bhd gain 6 sen at RM5.56 while Dialog Group Bhd, MR DIY Group (M) Bhd, Axiata Group Bhd and Maxis Bhd added 2 sen at RM1.93, RM1.98, RM2.83 and RM3 .71.
Active shares showed Betamek Bhd adding 3.5 sen to 74.5 sen followed by Impiana Hotels Bhd and Green Packet Bhd flat at 2.5 sen and 4 sen.
On the index board, FBM Emas index rose 21.88 points at 10,319.42, FBM 70 added 29.06 points at 12,205.36, FBMT 100 index gained 16.84 points at 10,060.87, FBM Emas Shariah index jumped 20.34 points at 10,346.45 and FBM ACE gathered 12.20 points at 24,881.
In terms of sectors, the Financial Services index rose 36.93 points at 16,529.71, the Energy index jumped 9.79 points at 693.43, the Products and Services index lost 0.01 points at 174.95 and the Plantation index gained 12.43 points at 6,953.92.
Meanwhile, the ringgit opened higher against the greenback with a jump at 4.7020/7070 from yesterday's close of 4.7120/7165.
