KLCI rises 0.43% as index-linked blue chips lift

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KUALA LUMPUR (Aug 7): The FBM KLCI rose 0.43% at the midday break today as index-linked blue chip stocks lifted the local benchmark index.

At 12.30pm, the FBM KLCI was up 7.58 points to 1,787.33.

Gainers led losers by 330 to 214, while 568 counters traded unchanged. Volume was 1.33 billion shares valued at RM865.8 million.

The top gainers included Far East Holdings Bhd, British American Tobacco (M) Bhd, Petronas Gas Bhd, BLD Plantation Bhd, Warisan TC Holdings Bhd, Hengyuan Refining Company Bhd, Hong Leong Financial Group Bhd, Petronas Dagangan Bhd and Tenaga Nasional Bhd.

The actives included Frontken Corp Bhd, Sino Hua-An International Bhd, Borneo Oil Bhd, UCrest Bhd, Iris Corp Bhd, Malaysian Resources Corp Bhd, Sapura Energy Bhd and Iskandar Waterfront City Bhd.

The decliners included Malaysia Airports Holdings Bhd, Padini Holdings Bhd, Khind Holdings Bhd, Selangor Properties Bhd, Kwantas Corp Bhd, New Hoong Fatt Holdings Bhd, Time dotCom Bhd, Pos Malaysia Bhd and ViTrox Corp Bhd.

Asian stocks wobbled on Tuesday as simmering worries over the US-China trade conflict offset positive leads from earnings-led gains on Wall Street, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05%, it said.

CIMB Retail Research said the FBM KLCI index closed flat on Monday as the US-China trade dispute continued to rattle the regional markets' sentiment.

"Given that the local bourse has formed a Tweezers Top candle pattern last week, the key index may continue to hover around the 200-day EMA but with a downside bias. Resistance: 1,800 & 1,820. Supports: 1,750 & 1,730," it said.