The local market posted modest gains at the start of the last week of 2022 despite a weak opening.
At the opening, the FBM KLCI index started 0.29 points at 1,474.39 before rising 0.40 points at 1,475.08 compared to Friday's close at 1,474.68.
In the broader market, gains at 255 offset losses at 211, while 298 counters were unchanged, 1,506 untraded and 12 suspended.
Total revenue at 456.55 million units worth RM192.39 million.
According to Malacca Securities Sdn Bhd, the rebound on Wall Street last Friday influenced the movement in addition to China's news regarding the zero-Covid policy.
Heavyweight stocks saw Maybank lose 1 sen at RM8.77, Public Bank Bhd down 4 sen at RM4.40 and Petronas Chemicals Group Bhd down 6 sen at RM8.34 while Sime Darby Plantation Bhd gained 7 at RM4.42, Digi.Com Bhd gained 4 sen to RM3.88 and Press Metal Aluminum Holdings Bhd added 5 sen to RM4.73.
Active stocks saw Borneo Oil Bhd remain at 2.5 sen and Industronics Bhd flat at 9 sen while Top Glove Corp Bhd added 5.5 sen to 87.5 sen and Berjaya Corp Bhd rose 2 sen to 30.5 sen.
On the index board, the FBM Emas index rose 19.12 points at 10,608.41, the FBM Emas Shariah index added 49.22 points at 10,756.94, the FBM 70 index jumped 78.14 points at 13,059.75, the FBMT 100 Index gained 16.12 points at 10,317.31 while the FBM ACE index dropped 34.44 points at 85.55. .
Sector-wise, the Products and Services index fell 0.15 to 179.07, the Financial Services index fell 65.17 points at 16,558.86 while the Plantation index gained 27.62 points at 6,812.85 and the Energy index rose 3.46 points at 785.21.
