FBM KLCI sustains rally in anticipation of earnings results

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KUALA LUMPUR: The FBM KLCI was optimistic at noon forward of the height results interval and as traders regained some urge for food for equities following a bounce in US markets.

At 12.30pm, the important thing index was up 6.16 factors to 1,554.76. The total market nonetheless was unfavorable with 435 decliners in contrast with 374 gainers.

Topping the gainers, IHH Healthcare rose 17 sen to RM6.60 whereas Public Bank gained 4 sen to RM4.57.

Press Metal slid 15 sen to RM5.23 and Axiata declined eight sen to RM3.26.

Among energetic shares, Technax fell 2.5 sen to five.5 sen, Sapura Energy was unchanged at 7.5 sen and Serba Dinamik slipped one sen to fifteen.5 sen.

In Asian markets, equities faltered as fears over inflation and better rates of interest prevented costs from additional restoration.

Nikkei rose 0.6% to 26,820, South Korea’s Kospi was flat at 2,620 and China’s composite index dropped 0.4% to three,082.

Hong Kong’s Hang Seng slumped 0.6% to twenty,471 and Australia’s ASX200 gained 1% to 7,180.



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