KUALA LUMPUR: Petronas-linked stocks led the FBM KLCI higher in early Wednesday trade as crude oil continued to stay firm while key Asian markets trended higher.
At 9.11am, the KLCI was up 9.13 points or 0.53% to 1,715.69. Turnover was 176.28 million shares valued at RM100.71mil. There were 248 gainers, 81 losers and 173 counters unchanged.
Asian stocks gained a tad after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy, Reuters reported.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2% in early trade. Japan's Nikkei gained 0.4%.
At Bursa, Petronas Chemical rose 25 sen to RM9.15, Pet4onas Dagangan added 22 sen to RM26.98 and Petronas Gas 16 senhigher at RM18.26.
BAT was the top gainer, up 48 sen to RM35.78 and F&N rose 30 sen to RM35.30.
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regained its bounce, up 24 sen to RM17 while MAHB rose 11 sen to RM8.13 and HL Bank eight sen to RM21.22.
HL Industries shed five sen to RM9.65, SEM and Westports four sen each to RM1.41 and RM3.96 while Watta lost three sen to 81 sen.
Bumi Armada rose one sen to 22.5 sen with 14.8 million shares done. Hibiscus Petroleum’s strong earnngs saw its share price climb three sen to RM1.08.
MRCB added two sen to 80.5 sen and Pesona 1.5 sen to 25 sen. Pesona secured a RM408.80mil contract from MRCB to build three blocks of apartments in Kuala Lumpur.
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