KUALA LUMPUR: The FBM KLCI maintained its lead at noon because the return overseas shopping for curiosity amid rising commodities prices helped to shore up the index.
At 12.30pm, the important thing index was up 7.87 factors to 1,591.71. There was a barely destructive market breadth with 431 decliners in comparison with 407 gainers.
Brent crude prices, which remained at seven-year highs, stored traders optimistic over the home restoration.
In main Asian markets, the temper remained bitter as issues remained over a possible Russian invasion of Ukraine.
Japan’s Nikkei and South Korea’s Kospi have been every down 0.6% whereas China’s composite index rose 0.4%. Hong Kong’s Hang Seng in the meantime slid 0.7% whereas Australia’s ASX200 shed 0.4%.
However, the rally remained sturdy on Bursa Malaysia, which was en path to a fifth straight day of beneficial properties.
The monetary sector stayed firm with Public Bank rising 4 sen to RM4.40, CIMB including two sen to RM5.63 whereas Maybank and Hong Leong Bank stayed flat.
Press Metal
superior three sen to RM6.73 whereas Petronas Chemicals climbed six sen to RM9.32.
Plantations counters in the meantime jumped amid the spike in energy prices with Sime Darby Plantation including 32 sen to RM4.56, Kuala Lumpur Kepong gaining 62 sen to RM24.98 and IOI including 5 sen to RM4.19.
Among prime actives, SMTrack rose one sen to 21.5 sen, Ta Win added 1.5 sen to 16 sen and DNeX gained one sen to RM1.16.
