KUALA LUMPUR: Sentiment on Bursa Malaysia picked up as better-than-expected corporate earnings in the US sparked a rally on Walls Street overnight.
At 9.05am, the FBM KLCI was up 1.86 point to 1,430.62 as gains remains capped by fears of rising inflation.
Trading volume was 160.39 million valued at RM57.81mil.
The market breadth was positive with 218 gainers compared with 77 decliners.
"Following the strong rebound on Wall Street, we expect the technology sector to further rebound amid spillover buying interest on the local tech stocks.
"Meanwhile, we believe trading interest may emerge in the energy sector amid a strong rebound in crude oil price. Also, consumer, transportation and logistics sector may turn out to be the winner under the recovery theme," said Malacca Securities Research.,
,Telegram分享群组（www.tel8.vip）是一个Telegram群组分享平台。Telegram分享群组包括Telegram分享群组、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram分享群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Bank counters were seen picking up with Maybank rising three sen to RM8.59, Public Bank adding one sen to R4.41 although Hong Leong Bank fell eight sen to RM20.
PETRONAS Chemicals gained seven sen to RM8.37 while PETRONAS Gas declined eight sen to RM16.44.
Bursa Malaysia's technology index jumped 2.1% to 61.25 following the Nasdaq's rally of more than 3% overnight.
MPI rose 90 sen to RM29.90, Pentamaster gained 10 sne to RM3.72, D&O climbed six sen to RM3.86 and Inari added five sen to RM2.66.
Of actives, MMAG was unchanged at five sen, Metronic rose 0.5 sen to nine sen and AHB gained 0.5 sen to 14.5 sen.