KUALA LUMPUR: The FBM KLCI sat firmly above the 1,630-point resistance at midday as the rate cut theme continued to build speed in global markets while bond rallied on the prospect of a win by US presidential candidate Donald Trump.
At the lunch break, the benchmark index was up 10.66 points to 1,636.62, easing off an intra-day high of 1,638.03.
There was gains across the broader market with 691 rising stocks compared to 380 decliners, while only the energy sector saw some profit-taking.
The share turnover was 2.93 billion, which changed hands for RM1.75bil.
Of the FBM KLCI constituents, there were 26 gainers out of 30, led by CelcomDigi gaining nine sen to RM3.69, IOI rising nine sen to RM3.79, Tenaga Nasional climbing 12 sen to RM14.58 and Telekom Malaysia adding eight sen to RM7.15.
Top actives on the market included Ekovest rising four sne to 55.5 sen, Velesto
flat at 23.5 sen and Berjaya Corp adding four sen to 39.5 sen.
Meanwhile, key stock indices in Asia were mixed with China's composite index sliding 0.34% to 2,966 while Hong Kong's Hang Seng edged up 0.06% to 17,739.
Japan's Nikkei fell 0.23% to 41,181 and Singapore's Straits Times index gained 0.08% to 3,490.
