KUALA LUMPUR: Bursa Malaysia ended the morning session higher, supported by boxing day bargain-hunting.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.88 points or 0.49 per cent to 1,610.87 compared with Tuesday's close of 1,602.99.
The benchmark index opened slightly higher at 1,603.58, rising 0.59 points, and ranged between 1,602.79 and 1,612.12 during the session.
On the broader market, gainers led decliners 541 to 290, while 478 counters remained unchanged.
In a note today, Malacca Securities Research said with the slight rebound in crude oil prices, traders may focus on oil and gas (O&G) related counters ahead of the US crude oil inventories data release this Friday.
"Additionally, as the government has removed the 85 per cent demand cap under the self-consumption (SelCo) programme and allowed solar installations on land and water starting January 2025, traders can look for opportunities in solar-related companies." We remain optimistic about the data center value chain industries within the construction, building materials, technology, and utilities sectors," it added.
Furthermore, the firm said the market is likely to favour technology stocks amid the weakening ringgit bias.