Friday 19 Apr 2024
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KUALA LUMPUR (Oct 11): The FBM KLCI rose 0.33% at mid-morning today, lifted by select blue chips against the backdrop of mixed regional markets.

At 10.01am, the FBM KLCI rose 5.56 points to 1,670.88.

The top gainers included British American Tobacco (M) Bhd, Petronas Dagangan Bhd, Ajinomoto (M) Bhd, Aeon Credit Service (M) Bhd, Sime Darby Bhd, KLCC Property Holdings Bhd, Hai-O Enterprise Bhd, Press Metal Bhd and Lay Hong Bhd.

The actives included Perisai Petroleum Teknologi Bhd, Vivocom Intl Holdings Bhd, RGB International Bhd, Sunway REIT, Trive Property Group Bhd and Bina Puri Holdings Bhd.

The decliners included Fraser & Neave Holdings Bhd, Time dotCom Bhd, Pharmaniaga Holdings Bhd, Enra Group Bhd, Concrete Engineering Products Bhd and Tien Wah Press Holdings Bhd.

Asian shares were mixed in early Asian trading on Tuesday after oil prices surged to a one-year high and optimism over Hillary Clinton's widening lead in the US presidential election campaign pushed Wall Street higher, according to Reuters.

Brent crude rose to as high as US$53.73 on Monday, the highest level since Oct 9, 2015. It closed up 2.3% at US$53.14, it said.

Hong Leong IB Research said that in the wake of overnight rally in Dow and oil prices, the FBM KLCI may continue to trend sideways with an upward bias today, supported by positive expectations of Budget 2017 and the readiness of Bank Negara Malaysia to support economic growth via easing.

 

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