FBM KLCI tracks regional markets higher following US tech rally


KUALA LUMPUR: The FBM KLCI maintained its lead entering the lunch break, in line with a positive performance across regional markets.

At 12.30pm, the key index was up 3.44 points to 1,599.32, brought higher by energy and utility stocks.

The broader market was also positive with 489 gainers compared to 410 decliners.

Share turnover was 1.66 billion changing hands for RM1.37bil.

Asian stocks rallied on Tuesday following the outperformance of the technology sector on Wall Street.

Japan's Nikkei led with a 2.32% rally to 39,405 while China's composite index gained 0.2% to 3,370.

Hong Kong's Hang Seng index added 0.36% to 19,69 and Singapore's Straits Times gained 1.02% to 3,789.

Meanwhile, leading gainers on Bursa Malaysia were United Plantations up 88 sen to RM31.54 and PETRONAS Dagangan jumping 60 sen to RM20.16.

Kuala Lumpur Kepong dropped 32 sen to RM21.24.

Of actives, Velesto was flat at 15.5 sen, JCY rose 3.5 sen to 47.5 sen and Sapura Energy dropped 0.5 sen to 3.5 sen.

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