Late push for KLCI as ringgit and CPO rally

However, in the last hour, sentiment perked up, boosted by the rally in European and key Asian markets amid optimism about the outlook for risk assets during a Joe Biden presidency.

KUALA LUMPUR: Blue chips rallied in late trade on Monday, underpinned by gains in Petronas stocks and telcos, while the ringgit was up nearly half a percent against the US dollar and crude palm oil (CPO) futures were at an eight-year high.

At 5pm, the FBM KLCI was up 4.68 points or 0.31% to 1,524.32. Turnover was 11.70 billion shares valued at RM4.62bil. There were 621 gainers, 533 losers and 420 counters unchanged.