Press Metal, SD Plantation lead FBM KLCI higher

  • Markets
  • Thursday, 23 Dec 2021

KUALA LUMPUR: The FBM KLCI maintained its positive lead at midday with commodity plays shoring up the market.

At 12.30pm, the index was up 7.84 points to 1,508.16.

Press Metal led gains with a 23 sen jump to RM5.44 while Sime Darby Plantation grew 11 sen to RM3.74.

Petronas Chemicals climbed two sen to RM8.79.

In banks, Maybank rose two sen to RM8.24 and Public Bank added one sen to RM4.11 although Hong Leong Bank dipped 10 sen to RM18.40 and CIMB lost four sen to RM5.34.

On the broader market, there were 301 gainers compared to 266 decliners.

Top actives were Nexgram unchanged at 1.5 sen, Saudee down 0.5 sen to 5.5 sen and Widad flat at 35.5 sen.

US markets were up overnight following as fears over the impact of the Omicron virus on the economy subsided.

All its major indices posted gains on confirmation from US President Joe Biden there would no lockdown following from this latest variant of the disease.

In regional markets, Japan's Nikkei rose 0.5%, South Korea's Kospi added 0.25% and China's composite index gained 0.1%.

Hong Kong's Hang Seng and Australia's ASX200 were each up 0.2% apiece.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Bursa Malaysia , FBM KLCI , equities


Next In Business News

Wall St set for higher open as banking crisis fears ebb
Credit Suisse still helping wealthy dodge U.S. taxes, Senate Committee finds
Tengku Zafrul: Asean, China must cooperate to mitigate risks, unlock economic gains
Ringgit closes lower on profit-taking
MKH to list subsidiary on Bursa Malaysia main market
Kim Loong’s 4Q net profit rises 19% to RM37mil
Super Racer Limited is now Reach Energy’s major shareholder
TNB'S power generation unit issues RM2bil sustainability sukuk wakalah
BDB acquires companies for RM13mil
Alibaba’s US$32bil day signals breakups for China tech

Others Also Read