Market breadth was weaker with 595 losers and 311 gainers while 371 counters were unchanged, 615 were untraded and 31 others were suspended. — Reuters pic
The index opened 4.78 points higher at 1,634.95 and fluctuated between 1,630.83 and its intra-day high of 1,638.87 during the day. FXTM research analyst Lukman Otunuga said Asian markets kicked off the week in the green, as risk sentiment increased following a strong start to the latest US earnings season.
Adding to the risk appetite seen in early trade this week are China’s March external trade figures, which were released at the end of last week and helped ease some of the concerns over a decline in the nation’s economic momentum, he said. Of the actives, Sapura Energy shed one sen to 33.5 sen, Prestariang went down seven sen to 53 sen, Hibiscus Petroleum was three sen lower at RM1.14 while Eduspec added one sen to four sen.
Sector-wise, the Financial Services Index added 6.35 points to 16,828.42, the Plantation Index put on 2.25 points to 7,271.59, while the Industrial Products and Services Index gained 0.21 of-a-point to 168.34.
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