KLCI up 0.78%, in line with region, as Malaysia retained on watch list of global bond index

KLCI up 0.78%, in line with region, as Malaysia retained on watch list of global bond index
-A +A

KUALA LUMPUR (Sept 25): The main index of Bursa Malaysia rose 0.78% in line with gains in regional markets and as Malaysia was retained on the watch list of the FTSE World Government Bond Index (WGBI).

At 10am, the FBM KLCI had risen 11.81 points to 1,512.61.

Market breadth was positive with 517 gainers and 200 losers, while 337 counters traded unchanged. Trading volume was 1.52 billion shares valued at RM1.07 billion.

The top gainers included Hartalega Holdings Bhd, Kossan Rubber Industries Bhd, Top Glove Corp Bhd, Fraser & Neave Holdings Bhd, KESM Industries Bhd and Bursa Malaysia Bhd.

The actively traded stocks included Advance Synergy Bhd, Sapura Energy Bhd, Pegasus Heights Bhd, Kanger International Bhd, EA Holdings Bhd, HLT Global Bhd, Lambo Group Bhd, Careplus Group Bhd and Top Glove.

The decliners included Kuala Lumpur Kepong Bhd, MISC Bhd, Komarkcorp Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Malaysia Airports Holdings Bhd (MAHB), MMAG Holdings Bhd and MCE Holdings Bhd.

Bloomberg stocks in Asia rose today with US equity futures as investors weighed the chances of a new American stimulus package against an uptick in global Covid-19 cases.

The offshore yuan climbed on optimism about inflows into Chinese assets, it said.

JF Apex Securities Research said US markets posted slight gains overnight as lawmakers prepared to debate a US$2.4 trillion (RM10 trillion) coronavirus relief package.

It said that earlier, European stocks declined as rising cases of Covid-19 dampened hopes of an economic recovery

“On the local market, the KLCI gained 4.32 points to 1,500.80.

“Following the mixed performances in the US and Europe, the KLCI could remain sideways above the support at 1,475 points,” it said.