澳洲幸运5官网（www.eth0808.vip）:Investor appetite continues as report confirms slowing US inflation
KUALA LUMPUR: The domestic market tacked on more gains at Friday's open as the confirmation of slowing US inflation boosted investors' appetite for equities.
TA Securities Research said the market is expected to remain range-bound with upward bias ahead of the weeked as hopes of peaking inflation in the US and China's reopening momentum ease pressure on rising rates and promote growth.
"Immediate index supports at 1,460 and 1,450 should cushion downside, with better supports from 1,420 and 1,400.
"Immediate resistance remains at the 1,500 psychological level, with 1,512, and the August high near 1,528 as stronger resistance levels, followed by 1,550 and 1,570 as tougher upside hurdles," it said.
At 9.05am, the benchmark FBM KLCI was set to end the week on a positive note, having risen 2.54 points to 1,491.2. The gainers on the market outpaced the decliners 175 to 97.
Trading volume was 200.7 million shares valued at RM85.23mil.
Meanwhile, Malacca Securities Research noted that the higher price of Brent crude to around US$84 a barrel could also lift sentiment on the local bourse.
Contravening this upside was comments made by the Deputy Prime Minister and Minister of Plantation and Commodities on the potential halt of palm oil exports to the European Union, which could trigger higher volatility in plantation counters.
Amid rising sentiment in technology counters, there was strong buying interest in Hextar Technologies, which rose RM1.42 to RM23.62. MPI gained 12 sen to RM32.50, Frontken jumped seven sen to RM3.38 and UMW added seven sen to RM3.71.
Serba Dinamik topped the list of active counters as it reopened for trading after a suspension, gaining 1.5 sen to 2.5 sen.
NationGate added a further eight sen to RM1.08 following a stellar performance on its debut yesterday, in which it blew past analyst targets.