Bursa Malaysia remained higher mid-Thursday in line with investors' positive attraction to the possibility of a further US rate cut in September.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.25 points to 1,624.63 from 1,618.38 on Wednesday.
The index opened 2.78 points higher at 1,621 and it moved between 1,621.10 to 1,628.35 throughout the session.
The total number of shares traded was 3.038 billion which is worth RM2.117 billion.
Research firm Malacca Securities expects buying interest to remain strong thanks to the supportive performance on Wall Street.
Additionally, comments from Jerome Powell in his semi-annual testimonial speech expressing concern that a higher interest rate environment may slow economic growth have increased appetite in the stock market.
However, investors will continue to monitor the Consumer Price Index (CPI) data that will be released today and tomorrow.
Meanwhile, Bursa Malaysia heavyweights are mostly in positive territory except for Press Metal and KLK.
Maybank recovered four sen to RM10.06 while Tenaga Nasional, Public Bank and IHH Healthcare were unchanged at RM14.40, RM4.14 and RM6.30 respectively. CIMB rose seven sen to RM7.16.
