FBM KLCI maintains positive sentiment despite US rate jitters


KUALA LUMPUR: The FBM KLCI stayed on an upward trajectory over the early session with gains seen in more than two-thirds of the blue-chip counters.

At the break, the key index was up 6.22 points to 1,628.31, on track to its highest close since March 2021.

The broader market was also lifted by the positive sentiment wiht 679 gainers compared to 440 decliners and 480 unchanged.

Share turnover was 3.74 billion crossing for RM2.3bil.

Bank counters were among the leading gainers, including Hong Leong Bank up 12 sen to RM19.54, Ambank rising three sen to RM4.29 and CIMB gaining four sen to RM6.88

In plantations, Kuala Lumpur Kepong rose 28 sen to RM21.88 and IOI added five sen to RM3.97.

Tenaga Nasional rose 30 sen to RM13.08 while YTL Corp climbed four sen to RM3.86 and YTL Power gained four sen to RM5.42.

Of actives, Ingenieur was down 0.5 sen to 6.5 sen, SNS surged 11 sen to 61 sen and KNM rose one sen to 8.5 sen.

In regional markets, the sentiment was mixed following the release of the Federa Reserve's most recent meeting minutes, which affirmed a hawkish view among some members.

Japan's Nikkei rose 1.2% to 39,065 while China's composite index slid 1% to 3,125.

Hong Kong's Hang Seng dropped 1.4% to 18,930 and Singapore's Straits Times Index gained 0.26% to 3,315.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Gamuda to acquire 20% stake in Cloud, AI firm Cloud Space
Dnex partners Gamuda to distribute Google Cloud solutions
Mega First inks supplemental agreements for Don Sahong hydropower project
Malaysia on track to become global medtech hub with strong policies - Tengku Zafrul
MN Holdings secures RM162.69mil contract for hyperscale data centre
Malaysia's Oct 2024 IPI up 2.1% - DoSM
Australia's central bank ends 2024 with dovish pivot, Aussie dollar dives
JHM subsidiary bags RM300mil Proton supply contract
Feytech inks JV with Wuhu Ruitai for supply of auto seats
FBM KLCI erases earlier gains as profit-taking continues

Others Also Read