KUALA LUMPUR: Bursa Malaysia ended the morning session on a positive note, in line with regional markets, driven by fresh stimulus measures by China.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.30 points to 1,668.60 from Monday's close of 1,665.30.
The benchmark index opened 1.95 points higher at 1,667.25.
On the broader market, losers outnumbered gainers by 568 to 429, while 452 counters unchanged. Turnover reached 2.11 billion units, valued at RM1.40 billion.
Malacca Securities expects buying support to spill over into the local market, particularly in the oversold technology sector and small-cap stocks.
The firm said the construction, building material, and property sectors may also see positive movement, with the overall positive momentum on Wall Street.
"This is driven by potential developments around the revival of the Kuala Lumpur-Singapore high-speed rail and the Johor Bharu-Singapore special economic zone following the return of the Malaysia King from the four-day China visit," it said.
Malacca Securities also said the strong ringgit should benefit consumer, utilities, financials and automotive stocks going forward.