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KUALA LUMPUR: After four consecutive sessions of profit-taking, Bursa Malaysia could be poised for a rebound on the back of the strong performance on Wall Street overnight.
According to Apex Securities Research, expectations of final week window-dressing may also lift sentiment on the local bourse although the thinning trading activities could limit upside.
For the day ahead, the research firm expects investors to keep a close tab on the country's producer price index.
The technology sector is one to watch for following the gains on the Nasdaq overnight while the energy sector may take its cue from Brent oil price rising above US$80 a barrel, it said.
At the opening bell, the benchmark FBM KLCI was up 1.69 points to 1,456.06 as the index bounced off the 50-day simple moving average to affirm the bullish sentiment on the market.
Most blue-chip shares were higher including QL Resources rising six sen to RM5.79, Genting up two sen to RM4.58 and Nestle rising 40 sen to RM121.40.
PETRONAS Gas climbed eight sen to RM17.54, PETROANS Chemicals added four sen to RM7.23 and Press Metal
gained one sen to RM4.80.
Meanwhile, MAHB climbed five sen to RM7.39, ARK Resources added three sen to 35 sen and Hibiscus Petroleum gained three sen to RM2.58.
Top active counters included Sarawak Cable rising five sen to 33 sen, Bina Puri adding 0.5 sen to nine sne and Minetec gaining 0.5 sen to 16 sen.
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