Saturday 27 Apr 2024
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KUALA LUMPUR (July 11): The FBM KLCI rose 0.53% in line with the rally at regional markets.

At 10.02am, the FBM KLCI rose 8.85 points to 1,653.39.

The top gainers included British American Tobacco (M) Bhd, Fraser & Neave Holdings Bhd, PPB Group Bhd, Petronas Dagangan Bhd, Genting Bhd, Kuala Lumpur Kepong Bhd, Malaysian Pacific Industries Bhd and Scientex Bhd.

The actives included Borneo Oil Bhd, Sanichi Technology Bhd, AirAsia Bhd, Hiap Teck Venture Bhd, Vivocom International Holdings Bhd, TH Heavy Engineering Bhd and AirAsia X Bhd.

The top losers included Dutch Lady Milk Industries Bhd, Panasonic Malaysia Manufacturing Bhd, Huat Lai Resources Bhd, Pestech International Bhd, Can-One Bhd and My EG Services Bhd.

Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about health of the world's largest economy, though long-run fallout from Brexit kept sovereign yields near record lows, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.75 percent, While Australia added 1.3 percent, it said.

Hong Leong IB Research said that taking cue from last Friday’s rally on Dow and hopes for stimulus from global policymakers to limit Brexit fallout, the FBM KLCI is expected to open the week on a positive mood.

“However, we still expect global markets to remain volatile for a while as profit taking may emerge after recent sharp relief rallies as investors grapple with Brexit domino impact, anemic global economic growth, rising terrorism risks and the prospects of potential EU shake-up,” it said.

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