At 9.05am, the FBM KLCI rose 8.83 points to 1,566.38.
The early gainers included Malaysian Pacific Industries Bhd, D&O Green Technologies Bhd, Uchi Technology Bhd, Hengyuan Refining Company Bhd, Inari Amertron Bhd, Allianz Malaysia Bhd,
Frontken Corp Bhd, Genetec Technology Bhd and DSB-Hicom Bhd.
Bloomberg said Asian stocks and U.S. futures rose Thursday after a rebound in the S&P 500 on encouraging vaccine news and soothing comments on inflation from Federal Reserve Chairman Jerome Powell.
Treasury yields were steady, it said.
JF Apex Research said US markets surged overnight with the Dow hitting a record high as bond yields came off their highs after the Federal Reserve chairman downplayed the threat of inflation.
At 10am, the FBM KLCI was up 12.99 points to 1,570.54.
Market breadth was positive with 611 gainers and 264 losers, while 390 counters traded unchanged. Trading volume was 2.98 billion shares valued at RM1.22 billion.
The gainers included Malaysian Pacific Industries Bhd, ViTrox Corp Bhd, Nestle (M) Bhd, Press Metal Aluminium Holdings Bhd, Uchi Technologies Bhd, Euro Holdings Bhd, Hong Leong Financial Group Bhd, D&O Green Technologies Bhd and Aeon Credit Service (M) Bhd.
The actively traded stocks included Permaju Industries Bhd, Fintec Global Bhd, XOX Bhd, YKGI Holdings Bhd, Velesto Energy Bhd, Metronic Global Bhd and Alam Maritim Resources Bhd.
The decliners included Pharmaniaga Bhd, Ajinomoto (M) Bhd, KESM Industries Bhd, Milux Holdings Bhd, Heineken Malaysia Bhd, Elsoft Research Bhd, Bursa Malaysia Bhd and Dutch Lady Milk Industries Bhd.
KUALA LUMPUR (Feb 25): Malaysian Pacific Industries Bhd (MPI) posted a net profit of RM67.04 million for the second quarter ended Dec 31, 2020, up 49% from RM45.1 million a year earlier. Revenue for the quarter grew 17% to RM483.94 million from RM413.76 million in the previous year’s corresponding quarter.
KUALA LUMPUR (Feb 25): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 26) may include: Axiata Group Bhd, Genting Bhd, Genting Malaysia Bhd, UMW Holdings Bhd, Axiata Group Bhd, Malayan Banking Bhd, Public Bank Bhd, Sime Darby Bhd, Sime Darby Property Bhd, Unisem (M) Bhd, Kerjaya Prospek Group Bhd, S P Setia Bhd, MSM Malaysia Holdings Bhd, Matrix Concepts Holdings Bhd, Dutch Lady Milk Industries Bhd, TSH Resources Bhd, Dagang NeXchange Bhd, Malaysia Building Society Bhd, Malaysian Pacific Industries Bhd, IJM Plantations Bhd, PPB Group Bhd, Kenanga Investment Bank Bhd, Malaysian Resources Corp Bhd, Media Chinese International Ltd, Media Prima Bhd, YTL Corp Bhd, Mah Sing Group Bhd, FGV Holdings Bhd and VS Industry Bhd.
The main index at Bursa Malaysia rose 1.04% at the midday break today, tracking the jump at regional markets, as Petroliam Nasional Bhd (Petronas)-linked stocks led the gains.