KUALA LUMPUR: Malaysia's key stock index looked poised to end the week on a five-day winning streak as the positive spillover effect of Wall Street's economic growth and China's stimulus measures kept prices moving higher.
At 12.30pm, the FBM KLCI was up 3.95 points to 1,508.03 while a broad-based rally saw 557 counters rising on the market as compared to 398 decliners and 417 unchanged.
The trading volume was 2.85 billion shares exchanging hands for RM1.71bil.
Blue chips taking the lead included Genting up seven sen to RM4.77, YTL Power rising seven sen to RM3.98, Sime Darby Plantation
sadding five sen to RM4.43 and CIMB gaining five sen to RM6.17.
Top gainers on the market included ACE Market debutant KJTS, surging 21 sen to 48 sen. It was the second most traded counter with 145.57 million shares done.
MSM jumped 14 sen to RM2.43 and PBA rallied 10 sen to RM2.37.
The day's top active was MRCB, gaining 7.5 sne to 65.5 sen on 153.7 million shares exchanging hands.
Meanwhile, China's market rose on government measures to shore up the ailing economic recovery.
The Shanghai Composite Index added 0.4% to 2,895 and Hong Kong's Hang Seng slipped 0.9% to 16,059 on profit-taking after rallying earlier in the week.
Japan's Nikkei was down 1.3% to 35,776 as it returned below the 36,000 multi-decade high and South Korea's Kospi gained 1% to 2,493.
