KUALA LUMPUR: Key Asian markets opened on a strong note early Monday, with the FBM KLCI up more than six points, as investor sentiment perked up on news the US economy was on strong footing.
At 9.22am, the KLCI was up 6.32 points or 0.38% to 1,650.86. Turnover was 229.79 million shares valued at nearly RM100mil. There were 194 gainers, 99 losers and 184 counters unchanged.
Reuters repored Asian share markets enjoyed a relief rally on Monday as upbeat US jobs data lessened immediate concerns about the health of the world's largest economy, although long-run fallout from Brexit kept sovereign yields near record lows.
Japan's Nikkei rose 3% following Friday's gains on Wall Street, where shares soared on views that the Fed would not be in a hurry to tighten monetary policy.
At Bursa Malaysia, BAT rose 32 sen to RM54.74, MPI 13 sen to RM7.49, PPB Group 10 sen to RM16.32 and Genting Bhd
nine sen to RM8.06.
AirAsia advanced eight sen to RM2.67 in active trade with AAX-WA added 0.5 sen to 26 sen.
Dutch Lady fell RM1.30 to RM60 with 2,100 shares done on profit taking while Panasonic was down 14 sen to RM29.68 and KL Kepong was down 12 sen to RM23.08.
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