KUALA LUMPUR: Bursa Malaysia rose slightly on Monday as foreign funds continued to flow into the market amid an improved global outlook.
The FBM KLCI started 1.53 points higher at 1,602.3, maintaining a sideways trajectory as investors awaited fresh trading leads.
Apex Securities Research said the market is expected to trade cautiously this week ahead of key economic data and corporate earnings releases
It said key economic indicators to watch this week include Malaysia's 1Q 2024 GDP, the US inflation rate, and China's retail sales data.
"In terms of sectors, we remain bullish on the construction sector, as significant job opportunities are expected to arise from both public and private sector projects this year.
"Additionally, we anticipate buying interest in the technology sector, particularly following MI Technovation's stellar quarterly results last Friday," said Apex in its market outlook.
Among the local blue chips, Genting jumped 17 sen to RM4.72 as it was reported that its Singapore arm nearly doubled its quarterly earnings on the back of the China-Singapore visa-free travel initiative.
Genting Malaysia, meanwhile, rose six sen to RM2.69.
PPB climbed 16 sen to RM15.64, YTL Corp gained three sen to RM3.43 and PETRONAS Chemicals added four sen to RM6.95.
Among actives, AHB was flat at 16.5 sen, KNM rose one sen to eight sen and Awantec soared 16.5 sen to 42 sen.
