The FBM KLCI continued its upward trend on Monday afternoon driven by continued buying interest in most small and mid-cap stocks.
At exactly 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 7.54 points (0.49%) to 1,543.61 from where it closed at 1,536.07 last Friday.
The benchmark index opened 1.43 points higher at 1,537.50 and now moves between 1,537.07 and 1,544.71 throughout this morning's trading session.
In the broader market, gainers outnumbered losers by 501 to 392. Meanwhile, 447 counters were unchanged, 933 were untraded and eight others were suspended.
The total turnover is 1.81 billion units worth RM984.90 million.
Malacca Securities Sdn Bhd believes that the overall sentiment will be more positive heading into the second quarter of 2024 with domestic catalysts such as a stable political environment, implementation of the master plan and stronger commodity prices.
They argue that the revival of mega infrastructure projects can benefit the construction, building materials and real estate sectors.
At noon today, the heavyweight shares of Sime Darby Plantation Bhd rose eight sen to RM4.39, PPB Group Bhd rose 28 sen to RM15.66, Genting Bhd added seven sen to RM4.77, Maxis Bhd added five sen to RM3.42. and CelcomDigi Bhd rose six sen to RM4.25.
Among active stocks, TWL Holdings Holdings Bhd was unchanged at three sen, Sapura Energy Bhd was unchanged at five sen, SMTrack Bhd added half a sen to five sen and Fitters Diversified Bhd rose half a sen to six sen. Meanwhile, Artroniq Bhd added 1.5 sen to 28.5 sen.
On the index board, the FBM Emas Index gained 43.01 points to 11,614.60, the FBMT 100 Index increased 39.81 points to 11,257.38, the FBM Emas Shariah Index increased 46.29 points to 11,689.81, the FBM 28 points to 11,689.81 and the FBM 2.70 Index decreased 4.98 points to 16,229 .10.
