KUALA LUMPUR: Bursa Malaysia opened higher on Friday as it extended its rally following Wall Street's strong performance, although gains were capped ahead of Malaysia's inflation data due out at noon.
At 9.05am, the FBM KLCI was up 3.17 points to 1,498.66. The market breadth was positive with 171 gainers compared with 118 decliners.
Trading volume was 152.31 million shares valued at RM81.72mil.
According to Malacca Securities Research, the improved sentiment in regional markets should spur follow-through buying on the domestic market.
However, the decline in Brent crude prices should be bearish for energy-related stocks, it said.
"Profit-taking may hit the energy sector following the mild drop in crude oil price below the US$100 per barrel mark.,
,telegram群组（www.tel8.vip）是一个Telegram群组分享平台。telegram群组包括telegram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。
"On the other hand, the technology sector should track the positive trading tone in Nasdaq overnight.
"Meanwhile, we expect traders to focus on solid earnings to lookout for trading opportunities," it said.
Ahead of the country's release of the monthly consumer price index, Public Bank rose one sen to RM4.62 and RHB added one sen to RM5.77. CIMB fell two sen to RM5.38 while Hong Leong Bank was unchanged at RM20.68.
PETRONAS Chemicals gained four sen to RM8.69, Tenaga Nasional added two sen to RM8.81, and Sime Darby Plantation was up two sen to RM4.19.
Tech counters rose following the Nasdaq's overnight rally, with MPI adding 30 sen to RM33.30 and KESM gaining 10 sen to RM7.40.
Among top actives, MQTech was unchanged at four sen, JAKS slipped three sen to 29.5 sen and Serba Dinamik added 0.5 sen to four sen.