KUALA LUMPUR: Bursa Malaysia opened higher on Thursday morning as construction stocks surged in the early morning trade.
At 9:24 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) had gained 4.16 points, or 0.25 per cent, reaching 1,638.38, up from Wednesday's close of 1,632.63.
The broader market showed positive momentum, with 331 gainers outnumbering 149 losers, while 343 counters remained unchanged.
A total of 125.41 million shares worth RM58.08 million had been traded.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng noted that the local stock market saw another weak performance, with the FBM KLCI barely staying above the critical 1,630 mark.
He added that the overall trading was lacklustre as the daily volume remained thin at below the 3 billion shares mark.
"We believe trading should remain muted ahead of the tabling of Budget 2025 tomorrow hence anticipate the index to hover within the 1,630-1,640 range today," said Thong.