KUALA LUMPUR: Malaysia's benchmark index maintained a bullish momentum to open higher after three straight days of gains as Wall Street rallied overnight amid easing concerns over the stability of the banking sector and quarter-end rebalancing activities.
At the start of trading, the FBM KLCI was up 0.18 points to 1,424,79, a marginal gain as profit-taking from the recent gains blunted the rally.
Underlying the daily market movement is heightened caution given the uncertainty over the US Federal Reserve's next interest rate decision.
On the domestic front however, there could be further upside from Prime Minister Datuk Sri Anwar Ibrahim's visit to China, which could result in further investments.
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