At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.27 points to 1,167.70 after opening 1.4 points higher at 1,157.83.The dealers added that the FBM KLCI surged following the positive overnight close on Wall Street.In its research note, MIMB Investment Bank said investors might reinforce the positive sentiment today, thanks to encouraging economic indicators in the US where home sales surged at the fastest rate since eight years.
MIMB also said this was an indication that the economy was recovering well."Although it may stay in positive territory, the index is likely to trade in a tight range as investors may wait for more catalysts before resuming the recent rally," MIMB explained.
The Finance Index climbed 50.021 points to 9,457.65, the Industrial Index advanced 8.56 points to 2,554.75 and the Plantation Index went up 64.42 points to 5,610.58.The FBMEmas Index gained 64.83 points to 7,866.34, the FBM Top 100 firmed up 66.38 points to 7,654.92, the FBM2BRD Index added 10.96 points to 5,215.12 while the FBMMesdaq Index was 10.01 points lower at 4,110.65.
Gainers outpaced losers by 345 to 228 while 222 counters were unchanged, 437 untraded and 32 others suspended.A total of 498.243 million shares worth RM666.547 million changed hands.
Among the actives, KNM Group and SAAG Consolidated eased half a sen each to 90 sen and 29.5 sen respectively. Genting surged 11 sen to RM2.99 and Lion Corporation inched up one sen to 50.5 sen. Among the heavyweights, Sime Darby advanced 15 sen to RM8.05, Maybank increased five sen to RM6.50 while Bumiputra-Commerce and Tenaga went up 10 sen each to RM10.20 and RM8.15 respectively.