KUALA LUMPUR: The FBM KLC closed above the 1,500 psychological resistance following a rally that defied expectations of US knowledge exhibiting rocketing inflation.
At 5pm, the important thing index was up 7.06 factors to 1,550.17.
There have been 6.67 billion shares traded valued at RM2.38bil.
Bank shares moved larger amid the hawkish flip in world lending charges. CIMB led the pack with a 21 sen soar to RM5.67 whereas Maybank rose two sen to RM8.34, Public Bank gained two sen to RM4.18 and Hong Leong Bank climbed eight sen to RM19.20.
Press Metal
rose 13 sen to RM5.88, Sime Darby Plantation gained eight sen to RM4.02 and Petronas Chemicals jumped 11 sen to RM8.90.
On the broader market, know-how performs took a step again with the Bursa Malaysia know-how index sliding 3.05% on expectations of central banks winding again on stimulus.
MPI dropped 72 sen to RM47.90 and Vitrox slid 54 sen to RM19.12.
Top actives have been Fintec up 0.5 sen to 1.5 sen, KGroup unchanged at 1.5 sen and Trive up 5 sen to 13 sen.
In regional markets, Japan’s Nukkei was flat whereas South Korea’s Kospi shaved 1%.
China’s composite index rose 0.4%, Hong Kong’s Hang Seng jumped 1.1% and Australia’s ASX200 falls 0.1%.
