Global momentum continues to lift Bursa Malaysia


KUALA LUMPUR: The benchamrk FBM KLCI maintained its upward trajectory as recent economic data rebooted optimism the US Federal Reserve will start paring interest rates this year.

At the end of the early session, Malaysia's blue chips were up 4.39 points to 1,593.98.

There was also interest in lower liner with 513 gainers across the market compared with 439 decliners and 473 stocks unchanged.

The share turnover was 2.57 million changing hands for RM1.53bil.

Regional shares turned higher in Monday following last Friday's US jobs report that showed weaker-than-expected employment figures.

Chinas composite index rose 1.05% to 3,137 after reopening following an extended Labour Day holiday.

Hong Kong's Hang Seng was nearly flat at 18,466 while Singapore's Straits Times Index rose 0.3% to 3,301.

In Japan, the stock exchange remained shuttered for a Children's Day holiday.

On Bursa Malaysia, the blue-chip rally was led by utility and energy counters including YTL Power rising 11 sne to RM4.90 and YTL Corp gaining eight sen to RM3.34.

Tenaga Nasional rose eight sen to RM12.40.

In banks, Maybank added two sen to RM9.82, CIMB rose five sne to RM6.70, Public Bank gained five sen to RM4.17 and RHB climbed three sen to RM5.47.

Leading actives on the market included SNS Network up 8.5 sen to 48 sen, Iconic rising 0.5 sen to 11 sen and Ingenieur adding 0.5 sen to 12 sen.

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