Friday 26 Apr 2024
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KUALA LUMPUR (Nov 17): The FBM KLCI snapped its losing streak this morning in line with the advance at most global markets.

At 9.01am, the FBM KLCI jumped 9.49 points to 1,665.49.

The top gainetrs included Public Bank Bhd, Petronas Dagangan  Bhd, Ta Ann Holdings Bhd, Scientex Bhd, Petronas Chemicals Group Bhd, Kobay Bhd, UMW Holdings Bhd, Hong Leong Financial Group Bhd and Kuala Lumpur Kepong Bhd.

Asian stocks gained early on Tuesday, taking heart after seeing Wall Street take the attacks in Paris in stride and surge overnight, while expectations for a rate hike by the Federal Reserve in December kept the dollar on a bullish footing, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Australian shares gained 0.8 percent. Japan's Nikkei added 1.3 percent, it said.

JF Apex Securities Research in a market preview today said US markets surged following a spike in oil price on geopolitical concern after the terrorist attacks in Paris.

Meanwhile, it said European stocks ended mixed after the attacks on Paris.

“On the local market, the FBM KLCI lost 2.91 points to 1656 points.

“Following the positive performance in Wall Street, the FBM KLCI could stage a rebound after bouncing off the support of 1640 points yesterday,” it said.

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