Public Bank, Tenaga lead KLCI higher, Asian markets up

KUALA LUMPUR: Public Bank and Tenaga Nasional helped the  FBM KLCI advance in early Tuesday trade, in line with the firmer key Asian markets.

At 9.12am, the KLCI was up 5.38 points or 0.34% to 1,606.73. Turnover was 94.44 million shares valued at RM30.09mil. There were 149 gainers, 97 losers and 152 counters unchanged.

Asian shares tracked European gains, as relief over EU election results eased concerns about political difficulties in the bloc and merger news supported auto shares, although persistent concerns about trade capped regional sentiment, Reuters reported.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.07% in early trade, and US S&P 500 e-mini futures rose 0.14% to 2,835.75. Australian shares were up 0.51%, while Japan's Nikkei stock index gained 0.41%.

At Bursa, Nestle was the top gainer, up 40 sen to RM146.70 while F&N added 10 sen to RM33.98. 

Public Bank rose 10 sen to RM22.88 and Tenaga eight sen to RM11.44 while MAHB edged up 11 sen to RM7.11.

Pentamaster rose six sen to RM4.007 and MPI five sen to RM8.75.

Tong Herr fell the most, down 26 sen to RM3.10 wheile FL Bhd gave up 14 sen to RM1.37 snd Turbo 7.5 sen to 71.5 sen.

HL Bank lost six sen to RM19.20 and HLFG four sen to RM18.90.