KLCI advances as Asian shares track Wall Street gains

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KUALA LUMPUR (Jan 18): The FBM KLCI rose 2.7 points or 0.16% to 1,685.67 at midday break today after a report by The Wall Street Journal that US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports boosted global investors' risk appetite.

At 12:30pm today, the KLCI settled higher with Asian stocks after US share markets at Wall Street climbed overnight on Thursday.

Across Bursa Malaysia today, total volume was 1.49 billion shares valued at RM884.2 million. Bumi Armada Bhd topped the bourse's active list followed by Sapura Energy Bhd.

Hong Leong Investment Bank Bhd head of retail research Loui Low wrote in a note today that the research firm believes "positive sentiment overnight at Wall Street will be spilling over to stocks on the local bourse, lifting the KLCI eventually towards 1,700. Traders may look into opportunities within export-related and O&G (oil and gas) sectors amid a weaker ringgit tone and firmer Brent oil prices above US$60 (RM246.96), respectively."