KUALA LUMPUR: Bursa Malaysia was mixed today as the key index inched into positive territory while the broader market was negative, on weak regional sentiment.
At 10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.58 of-a-point to 1,597.02 from Friday's close of 1,592.44.
The benchmark index had started the day 0.47 of-a-point higher at 1,592.91.
However, the broader market was down, with decliners outpacing advancers 341 to 315. 398 counters were unchanged.
Volume of trade was at 1.044 billion, valued at RM375.345 million.
Rakuten Trade Sdn Bhd's equity research vice president Thong Pak Leng said analysts caution that the Trump-inspired rally may have run its course following the Republicans' control of both the House and Senate.
Thong said back home, the FBM KLCI was surprisingly weak as it closed the week below the 1,600 mark signaling a potential long consolidation phase if it does not rebound immediately today.
"Therefore, we expect some bargain hunting activities to emerge and the index to trend within the 1,595-1,605 range today," he said.
Among the actives, Careplus Group Bhd rose one sen to 26 sen, Yew Lee Pacific Group Bhd rose 0.5 sen to 43 sen and MR DIY Group (M) Bhd gained one sen to RM1.83.Ends