KUALA LUMPUR: The benchmark FBM KLCI rose over 10 points on Monday as market sentiment in Asia picked up ahead of a highly anticipated earnings report from Nvidia.
In the early session, the main index was up 10.79 points to 1,603.23.
The FBM KLCI spent most of the morning in positive territory, moving within a 14-point range of 1,591.49 to 1,605.41.
However, investors were still cautious of picking up lower liners with the market breadth recording 476 decliners to 392 gainers.
The trading volume was 1.89 billion shares changing hands for RM1.05bil.
There was strong buying interest in blue chips including Tenaga Nasional up 18 sen to RM14.38, Maxis rising 12 sen to RM3.56, Hong Leong Bank climbing 16 sen to RM20.74 and PETRONAS Dagangan gaining 38 sen to RM18.
Meanwhile, top actives were Classita down 0.5 sen to six sen, Top Glove up two sen to RM1.12 and Cape EMS sliding one sen to 38.5 sen.
According to a Reuters report, Nvidia is highly anticipated to record a jump in revenue when it releases its third-quarter result later tonight.
In key Asian markets, China's composite index rose 1.24% to 3,372 while Hong Kong's Hang Seng gained 1.18% to 19,655.
Japan's Nikkei dropped 1.03% to 38,244, amid talk by the Bank of Japan that it might hike interest rates to mitigate the weakness of the yen.
