KUALA LUMPUR: The domestic market opened on a strong footing on Tuesday as investors capitalised on the ongoing rally, which has entered its fifth straight day.

       At 9.05am, the FBM KLCI was up 6.41 points to 1,590.25, driven higher by commodities plays including Press Metal and Petronas Chemicals.

       Over the broader market, there were 213 gainers compared to 120 decliners for a positive market breadth.

       Following the recent gains, Malacca Securities Research is of the view that the key index is looking increasingly toppish and may warrant a consolidation over the near term.

       It also noted that lower liners are experiencing bouts of profit taking after enjoying a good run in recent weeks.

       "While we think that the potential pullback is healthy to allow gains to be digested, volatility will still remain a feature as investors are uncertain on the interest rate direction, albeit it is less hawkish after the meeting yesterday," it said in a report.

       Meanwhile, the energy and commodities sectors continued to pull ahead as prices soar over fears of disruption in the event of Russian invasion of Ukraine.

       Petronas Chemicals was seen jumping eight sen to RM9.34 while Press Metal rose nine sen to RM6.79.

       Plantation counters also tracked higher led by Sime Daby Plantation climbing 12 sne to RM4.36 and Kuala Lumpur Kepong adding 16 sen to RM24.52.

       Bank counters were also stable with CIMB rising four sen to RM5.65, Public Bank adding one sen to RM4.37 and Hong Leong Bank gaining six sen to RM20.32. Maybank was flat at RM8.60.

       Among the most active counters, Sapura Energy gained 0.5 sen to five sen, DNeX rose three sen to RM1.18 and AHB gained two sen to 23.5 sen.