KUALA LUMPUR: Bursa Malaysia extended its rally at midday to close higher supported by buying activities amid mixed regional markets.
China and Hong Kong stocks were lower on higher-for-longer US rates.
At 12.30pm, FTSE Bursa Malaysia KLCI climbed 0.38 per cent or 6.22 points to close at 1,628.31 at lunchbreak. The key index which opened at 1,620.66 hit the highest level of 1,632.79 in the morning trading session.
The broader market saw gainers led losers 679 to 440 while 480 counters wereunchanged.
Other indices also closed positive at midday break with FBM100 adding 0.43 per cent to 12,002.37, FBM Emas gained 0.44 per cent to 12,412.57 and FBM Ace was up 1.82 per cent to 5,521.91. Malacca Securities Sdn Bhd said in a note that the post-market positive vibe emerged from Nvidia's results, coupled with the United States imposing higher tariffs on China products which should provide decent buying support in the stock market.
It added this may bode well for the Technology and EMS sectors.
"Also, we opine that the construction, building materials, property, and solar industries may trade higher in view of the potential revival of mega infra projects like the Kuala Lumpur-Singapore High Speed Rail as well as optimism over the execution of New Industrial Master Plan and National Energy Trasnsition Roadmap," it added.