KUALA LUMPUR: Following the extended rally in the previous session, Malaysia's benchmark stock index could be seeking to push past recent highs on bullish sentiment.
"Gains on the FBM KLCI are expected to remain in place with little signs of exhaustion with the key index now re-testing the stiff resistance throughout the year.
"With volatility taking a back seat, we reckon further up strides are still in present," said Apex Securities Research in a note.
However, the borader market has turned slightly choppy as rotational play took precedence, it added.
At 12.30pm, the FBM KLCI was up 1.28 points to 1,466.56 as Maybank rose three sen to RM9.03.
There were also gains in YTL Corp up three sen to RM1.89 and YTL Power eising three sen to RM2.45.
PETRONAS Chemicals was down four sen to RM7.15 annd Kuala Lumpur Kepong shed four sen to RM21.42.
Apollo Food
, meanwhile, surged 35 sen to RM5.75 following a proposed stake acquisition from its controlling shareholder by Scoop Capital Sdn Bhd for RM238.08mil.
On the actives list, glove makers continued to make headway with Caeplus rising 2.5 sne to 49 sen as the leading active stock.
Top Glove was also one of the most active, adding 1.5 sen to 97.5 sen.
Critical Holdings remained actively traded on its second day on the ACE Market gaining 0.5 sen to 57.5 sen.
