KUALA LUMPUR: Bursa Malaysia remained higher at midday, bolstered by ongoing buying in heavyweight stocks and mirroring the performance of regional markets.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 0.57 per cent or 9.14 points to 1,607.10 from Tuesday's close of 1,597.96.
The benchmark index, which opened 1.64 points higher at 1,599.60, moved between 1,599.60 and 1,607.82 throughout the morning session.
On the broader market, gainers led decliners 695 to 358 while 449 counters were unchanged.
Turnover amounted to 3.20 billion units worth RM1.92 billion.
In a note today, Malacca Securities Research expect the traders could shift their attention on the energy and plantation sector at least for the near term, with the commodities surging.
Meanwhile, the firm said the rising investment of data center, artificial intelligence (Al), and cloud services to remain as the center of attention.
"This should benefit the construction, property, building materials, and renewable energy. Besides, given the all-time high closing of S&P500 and Nasdaq, we believe the buying support could spillover towards the technology sector this week," it said.