KUALA LUMPUR: The FBM KLCI stayed forward of the 1,550 psychological resistance at noon as Press Metal
and different commodity performs lifted the benchmark.
At 12.30pm, the important thing index was up 6.53 factors to 1,550.94 whereas the general market was evenly distributed with 429 gainer and 430 decliners.
Press Metal gained 25 sen to RM5.29, Petronas Chemicals climbed seven sen to RM10.06 and Petronas Gas rose 20 sen to RM17.22.
In monetary providers, Public Bank added three sen to RM4.56, CIMB gained three sen to RM5.07 and Hong Leong Bank was up 10 sen to RM20.76.
Maybank nonetheless dipped one sen to RM8.95.
Oil and fuel shares on the broader market have been additionally up on the advance in Brent crude costs as buyers awaited the reopening of China’s financial system.
Sepura Energy jumped 3.5 sen to eight sen as the highest traded counter of the day on the again of 692.76 million shares.
Serba Dinamik surged seven sen to 19 sen because it continued its worth restoration following the settlement of the compound levied on the corporate and its prime executives.
In Asian markets, shares edged cautiously larger with inflation fears preserving a lid on costs.
Japan’s Nikkei gained 0.3%, South Korea’s Kospi climbed 0.8% and China’s composite index was up 0.3%.
Hong Kong’s Hang Seng surged 2.2% as tech shares rebounded from multi-year lows.
Australia’s ASX200 added 0.3%.
